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4min chapter
Making Sense of the Economic Impact of the Coronavirus
After Hours
The Fed's Emergency Rate Cut, What Was Your Response?
The fed did an emergency rate cut last week. The fet is signalling that there might be additional rate cuts to come. What are your reactions? So you don't look, i think it makes some sense. We've been living with very low interest rates for a very long time and we are at a point now where we are kind of pushing on a string. And so the trade off is, should they have done it now, or should they have waited? It's not going to help a huge amount but importantly, we lost that tool in the future.
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