Fed’s Emergency Cut Reveals the Lack of Tools to Deal with Corona-Crisis

<p>The Fed implemented an emergency rate cut of -50 bps on Tuesday, just two weeks ahead of the FOMC meeting scheduled on March 18. The Fed funds rate range now stands at 1-1.5%. While the move is not entirely surprising, given Chair Jerome Powell’s statement last Friday and Goldman Sachs’ report that followed, it reveals […]</p>
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