Northeastern University: Interest Rate Cut Leaves U.S. Federal Reserve With Little Ammunition to Fight Potential Recession
March 06, 2020
March 06, 2020
BOSTON, Massachusetts, March 6 -- Northeastern University issued the following news:
Lowering interest rates won't lower transmission rates of COVID-19. But could the Federal Reserve's emergency decision to cut rates by a half percentage point on Tuesday at least quell economic instability caused by the outbreak?
Probably not, says Robert Triest, professor and chair of Northeastern's economics department.
"It will help boost confidence and temporarily . . .
Lowering interest rates won't lower transmission rates of COVID-19. But could the Federal Reserve's emergency decision to cut rates by a half percentage point on Tuesday at least quell economic instability caused by the outbreak?
Probably not, says Robert Triest, professor and chair of Northeastern's economics department.
"It will help boost confidence and temporarily . . .