In his address from the Oval Office to the American people Wednesday evening President Trump suspended travel from Europe to the United States to fight coronavirus starting Friday, UK exempted.
The restrictions are meant to combat the spread of the coronavirus, they do not apply to legal permanent residents of the United States, nor does it generally apply to immediate family members of American citizens, DHS said in a statement.
He pulled no punches saying Europe was partly to blame for the virus’ spread in the United States, where it has infected 1,281. His travel restrictions on Europe were similar to what he declared on travel from China when the illness was spreading there.
Further, he said he instructed the Treasury Department to defer tax payments without interest or penalties for certain businesses and individuals affected. Adding he was also instructing the Small Business Administration to provide capital and liquidity to firms affected by the virus.
“The European Union failed to take the same precautions and restrict travel from China and other hot spots. As a result, a large number of new clusters in the United States were seeded by travelers from Europe,” he said.
Tuesday morning, in a pair of Tweets, President Trump ramped up his criticism of the Fed, hammering it as “pathetic” and “slow moving.”
A day after the US stock market experienced its worst day in 12 yrs, President Trump renewed his call for the Fed to cut interests rates to match weaker “competitor” economies.
“Our pathetic, slow moving Federal Reserve, headed by Jay Powell, who raised rates too fast and lowered too late, should get our Fed Rate down to the levels of our competitor nations. They now have as much as a two point advantage, with even bigger currency help. Also, stimulate!“
In a 2nd Tweet, he wrote that “the Federal Reserve must be a leader, not a very late follower.”
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