Cohen also stressed that in view of the previous strong economic development, if the epidemic ends, the United States can still usher in an economic recovery period. But as far as the current actual situation is concerned, the United States is indeed in a difficult situation. In response to the epidemic, the Federal Reserve suddenly announced a rate cut of 65,438+000 basis points to the target range of 0%-0.25% on the evening of March 65,438+05, local time, and launched a quantitative easing program to purchase about 500 billion US dollars of US Treasury bonds and 200 billion US dollars of mortgage-backed securities in the next few months to protect the US economy from the impact of the COVID-19 epidemic. The Fed's actions are seen as coordinated with Trump's statement? State of emergency After learning the news, Trump praised the Fed and expressed himself? Do you like it? 、? Surprise? .
But what about Trump? Surprise? Obviously, this didn't last long, because even the Federal Reserve. Zoom in It can't change the fluctuation of the capital market. On that day, the American stock futures market still fell sharply, and the financial market was still filled with panic. Moreover, just after Trump praised the Federal Reserve, the US stock market plunged again on the night of 16. According to the data released by the media, the Dow Jones index fell by 2,250 points, or 9.78%, and is now reported at 20,935 points. The Nasdaq fell 6. 12% to 7392.73 points; The S&P 500 index fell 7.47% to 2,490.47. This is the fourth fuse in the history of US stocks and the third fuse in recent years.
Therefore, under the impact of the COVID-19 epidemic, the American economy is indeed facing a severe test. This terrible situation makes the United States very embarrassed? Full of confidence? Trump began to feel overwhelmed. Besides, even the Federal Reserve? Kill all the ammunition? , can't stop the growing problem. It is foreseeable that the United States will continue to face a severe situation in the future. Moreover, the changes in the economic situation in the United States depend on the effectiveness of the Trump administration in fighting the epidemic. As experts said, the epidemic has affected the real economy. If the United States fails to effectively control the epidemic, the panic in the economic field will spread further.
The poor economic situation even sounded the alarm for Trump's re-election plan in 2020. Boris, an associate professor and political scientist in the Department of Philosophy of Moscow State University? Mezhuyev commented that the current situation is increasingly unfavorable for Trump to participate in the election, while at the same time, Trump's Democratic opponents are gaining more hopes of victory. Boris? Mezhuyev stressed that the COVID-19 epidemic? Vote against Trump? It is even impossible to predict how Trump will reverse this situation in the debate.
Boris? Mezhuyev also mentioned the economic recession in the United States, which he believes is one of the important factors that are not conducive to Trump's campaign. Originally, Trump tried to win the 2020 US presidential election with economic development as a bargaining chip. But now things seem to get worse. If the American economy is like Gary, former director of the White House National Economic Council? Cohen said that if there is recession and negative growth, it is conceivable that Trump will face a very severe campaign situation this year. His Democratic opponents are bound to sharpen their swords, and Democratic candidates will seize this opportunity to launch a tougher offensive against Trump.