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 This material may not be published, broadcast, rewritten or redistributed without permission.Fed slashes rates to near zero, eases bank lending rules
By CHRISTOPHER RUGABER WASHINGTON©2024 GPlusMedia Inc.
5 Comments
Login to comment
Tora
Wel, the market is down again. Last check was down around 11.5%
The Fed is out of ammunition.
kurisupisu
Consumers are the main driving force of any economy .
When people stay in and don’t buy then things go pear shaped...real fast!
theFu
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.
descendent
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...