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The fed can’t do that. The legislative would need to.
by kasey_junk 7y ago
The fed can’t do that. The legislative would need to.
- jfoutz 7y agoSure, not unilaterally. But last time the fed chair testified before congress that emergency action was required [1]. The fed can do lots of things besides futz with interest rates. But again, this is just Sunday afternoon armchair quarterbacking. [1] https://en.wikipedia.org/wiki/Economic_Stimulus_Act_of_2008#Rationale https://en.wikipedia.org/wiki/Economic_Stimulus_Act_of_2008#...