FOMC Minutes Revealed Rationale for Emergency Cuts and QE Inifinity

<p>As noted in the FOMC minutes for the March emergency meeting, the members agreed that economic situation has “deteriorated sharply” in light of the coronavirus pandemic. They were also in “strong support” of the measures to facilitate the flow of credit to households and businesses. Despite the consensus that “a forceful monetary policy” is needed, […]</p>
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