business

Fed slashes rates to near zero, eases bank lending rules

5 Comments
By CHRISTOPHER RUGABER

The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.

© Copyright 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

©2021 GPlusMedia Inc.


5 Comments
Login to comment

Well at least they are doing something.

0 ( +0 / -0 )

Trying desperately to keep the bourses up via artificial quantitative easing misses the point completely about this crisis, and indicates a economy that has become far too skewed on debt and consumer spending. Coronavirus isn't about liquidity on wall street, and I wouldn't mind seeing a significant drop that better reflects realities. I wonder what the fed will do next week, and the week after that, as this drags on, and after having used up much of its arsenal already...

-1 ( +2 / -3 )

The Fed had to do this. it will help a little, but with the wealthy world becoming hermits, it won't be enough.

There will be deflation, which economies don't handle well.

Here's hoping for a soft landing.

0 ( +0 / -0 )

Consumers are the main driving force of any economy .

When people stay in and don’t buy then things go pear shaped...real fast!

0 ( +0 / -0 )

Wel, the market is down again. Last check was down around 11.5%

The Fed is out of ammunition.

0 ( +0 / -0 )

Login to leave a comment

Facebook users

Use your Facebook account to login or register with JapanToday. By doing so, you will also receive an email inviting you to receive our news alerts.

Facebook Connect

Login with your JapanToday account

User registration

Articles, Offers & Useful Resources

A mix of what's trending on our other sites