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As someone said before, I think this is more about sending a message, as in "we're going to do whatever it takes". To be honest I don't know what the future wil
by paganel 7y ago
As someone said before, I think this is more about sending a message, as in "we're going to do whatever it takes". To be honest I don't know what the future will hold from a financial/economics point of view, but imho this is an once-in-a-century crisis.
- dcftoapv 7y agoYou're right, and they made a lot of changes that are necessary to keep the global economy functioning over the next few months. I did not mean to imply that they shouldn't be taking action. I am very skeptical about cutting rates again. There are much more effective actions that could be taken at the policy level. The fed is doing what it can, but it doesn't have the right tools to lead the charge on this.
- paganel 7y agoYeah, this should definitely be teamed up with corresponding fiscal and trade policies, the Fed cannot sort all of this mess by itself.