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View Full Tract ListThe Fed today cut interests down to ZERO.
The Federal Reserve cut its benchmark interest rate to 0% on Sunday — but don’t necessarily expect lower mortgage rates as a result.
The Fed announced it would cut interest rates a full percentage point Sunday night, in addition to a $700 billion quantitative easing program.
The central bank had already made the rare move to lower the federal funds rate by a half-point two weeks ago to a range of 1% to 1.25% in between its regularly scheduled meetings. In both cases, the Fed noted that the move was in response to the risks the COVID-19 coronavirus outbreak poses to the economy.
Two weeks ago it had met in an emergency session to cut rates by .75%, and today, on the National Day of Prayer, it finished off its “ammunition” by dropping the rates to zero. Is this evidence of divine judgment on the Spirit of Usury, on which the Fed operates? We overthrew that spirit on March 8, 2001 in the second of three prayer campaigns to overthrow the seven demonic princes over America.
This is being seen as a Fed Panic, so it will be interesting to see what the stock market does tomorrow.
The Fed had been scheduled to meet on March 17-18, but they decided that they could not wait three more days to drop the interest rates. I had been watching March 18, because it is a watch date every year. Recall the “Strange Dinar Story” posted in March of 2011, where the revelation of 318 (or 3/18) was given. I too had a revelation in 1986 that “March 18 I set you free.”
So I don’t think that March 18 is off the table yet. Let’s see how this plays out.
Be watchful.
Dr. Stephen Jones has been writing blog posts since 2005 on a variety of topics from Bible Studies to World News, and he has been writing books since 1992. Dr. Jones' most important writings came after God brought him back into the full-time ministry in 1991. It is here that all his earlier years of searching the Scriptures began to come into clear focus. He combines a knowledge of the Old and New Testaments with a personal revelation of God that began and developed during the "wilderness" period of his life, which he often refers to as God's True Bible College... Read More
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