U.S. Economy Slides Into the Monetary Black Hole - The Wall Street Journal

U.S. Economy Slides Into the Monetary Black Hole - The Wall Street Journal

The Federal Reserve is now officially spent. Saving the U.S. economy from this point forward is now up to someone else.

On Sunday, the Fed used the last of its conventional monetary ammunition to counter the economic crisis triggered by the new coronavirus. It cut its short-term interest-rate target a full percentage point to between 0% and 0.25%.

The...

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2020-03-16 14:21:00Z
https://www.wsj.com/articles/u-s-economy-slides-into-the-monetary-black-hole-11584364910
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