International oil prices triggered the stock market plunge, and the global economy, which was dragged down by the new type of coronary virus pneumonia (COVID-19), was deepened.Facing the economic crisis and public health crisis, the response to the United States, the world's largest economy, has slowly attracted attention.The Washington Post interviewed 15 current and former officials that the Fed Chairman Powell had issued an email to warn the epidemic as early as the end of last month that the White House will still be threatened.Lingdan ignored the Federal Reserve's advice to stimulate the economy with financial measures.Huayai quoted sources yesterday that the White House is currently considering a paying and sick leave and supporting small enterprises for response measures.
It is reported that Fed Director Jerome Powell went to Saudi Arabia on the 23rd of the Saudi Treasury Secretary to send an emergency email to Saudi Arabia on the 23rd, warning that the epidemic was deteriorating in South Korea, Italy, Iran and other places.Economic impact.However, Powell's assessment of the risk of epidemic and the White House chief economic adviser Larry Kudlow and Treasury Secretary Steven Mnuchin.Powell has studied the emergency response plan with the Federal Reserve personnel on the 25th on the 25th, and Kudlo still insisted that the US epidemic prevention was almost dripping (Airtight), and even encouraged investors to absorb in the stock market.
The chairman of the Storage Bureau has warned the White House at the end of last month
As of the 28th of last month, after the US stocks closed since the financial crisis in 2008, the pressure of the White House has urged the Federal Reserve's interest rate reduction to increase interest rates. Although Powell believes that it is effective in stimulating the economy by fiscal measures,After discussion, the central bank believed that it was necessary to respond to the crisis, and announced an urgent reduction at half ael time on the 3rd of this month.
According to sources, on the eve of the interest rate reduction, the White House officials called a number of Wall Street Caimers and Gold Leaders, emphasizing that interest rate reduction was the most important step in the China Mansion's response to the crisis.Turning to the critical panic.
Kudlo is convinced that financial measures such as tax cuts have stimulated incomplete economic effects, and White House officials have different attitudes towards financial measures.Although Trump had thrown tax cuts, Kudlo still denied a large fiscal measure last Friday and believed that he would assist in individual industries.Even though the market expects that the Ministry of Finance will respond to more fiscal measures, it is blocked due to many vacancies in department decision -making officials.Former White House officials described that many strain measures currently conceived in the White House are only short -term responses. We may increasingly need to ignore the White House claims, and we will have a strategy to respond to the crisis.
Huayai said that the Trump administration's attitude towards the crisis was in court of the Asian financial crisis in 1997 and the 2008 financial tsunami.In the two crises, the Ministry of Finance cooperated closely with the Federal Reserve. In contrast, Trump not only publicly criticized the Federal Reserve, but also lacks coordinated plans.Lawrence Summers, who had played an important role in both crises, said that the current current Huafu financial official lacks the government's experience and ability to lead the government to respond to the crisis.Regardless of internal cooperation and international coordination, they have a sense of professionalism.
Former finance minister approved officials and lack of experience and lost professional
In addition to the chaotic policy of fiscal and gold, since the outbreak of the epidemic, Trump has always diluted the epidemic threat. Although health officials persuaded the White House to talk about the word Containe as early as January, the White House did not reason.Some former government officials criticized the Trump administration to fail to quickly take measures to curb the spread of virus, and public opinion also bombarded the authorities instructions.
Former US Food and Drug Administration (FDA) director Scott Gottlieb interviewed on Sunday that the federal government needs to quickly cope with the epidemic, and the authorities do not have a systematic plan.Enterprises must work remotely, when they should close the cinema and cancel large rally.He criticized the federal government to handle these decisions to local officials, but in fact, Huafu should formulate a comprehensive plan and make suggestions for cities.
Even though Trump promised to be detected last week, some people could not accept the test even if they were proposed by doctors.A 46 -year -old resident in the capital Washington said at Facebook on Saturday that she was treated at the George Washington University Hospital last Friday. A emergency doctor believed that she should undergo a virus test, but was rejected by the Huafu health department.
