Why the Fed might not have many tools to fight the next recession
If a recession hits, the Fed might need to lower rates below zero, which could cause other problems in the financial system.
Watch 7:31
What Fed’s 2nd interest rate cut in 3 months says about the U.S. economy
The Federal Reserve has cut interest rates for the second time in three months in a bid to keep the U.S. economy growing. What indicators are driving the recent rate reductions, and what is the larger influence of economists on…
How the Federal Reserve rate cut could affect your finances
The Fed’s reduction of the federal funds rate is only one of many factors that affect the U.S. economy, but it can still trigger shifts that trickle down into Americans’ finances.
WATCH: Federal Reserve cuts key interest rate again
The Fed's move will reduce its benchmark rate by an additional quarter-point to a range of 1.75% to 2%.
There is increasing speculation regarding whether the Federal Reserve might set a negative target for the federal funds rate should the economy enter a recession.
During hearings in the European parliament Wednesday, Lagarde said the job requires both a commitment to the basic mandate to keep prices stable and the "agility" to come up with new ways to meet unforeseen trouble.
Speaking to a gathering of central bankers in Jackson Hole, Wyoming, Powell reiterated that the Fed "will act as appropriate" to sustain the expansion.
Some argued for a bigger rate cut, while others insisted the Fed should not cut rates at all.
Trump is calling on the Federal Reserve to cut interest rates by at least a full percentage point "over a fairly short period of time."…
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