The Fed is running out of options to stave off a coronavirus depression | Larry Elliott
by Larry Elliott from Economics | The Guardian on (#5146G)
Nothing is working as the US central bank tries to pull the markets out of a slump
These are troubling times for the US Federal Reserve. The US central bank is trying everything it knows to pull the financial markets out of their tailspin but nothing seems to work.
Before Wall Street opened the Fed announced that its new plan was to provide infinite amounts of money through its quantitative easing programme. The response of traders was to shrug and carry on selling.
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