Why the US Federal Reserve is damned if it unleashes more coronavirus stimulus, and damned if it doesn’t

//Why the US Federal Reserve is damned if it unleashes more coronavirus stimulus, and damned if it doesn’t

Why the US Federal Reserve is damned if it unleashes more coronavirus stimulus, and damned if it doesn’t

It was possibly the most telling moment in financial markets since asset prices began rising sharply in late March despite the economic devastation wrought by Covid-19. On Monday, the National Bureau of Economic Research, an academic research group that serves as the arbiter of America’s business cycles, declared that the US entered a recession in February, putting an end to the country’s longest expansion on record. The same day, the S&P 500 index closed in positive territory for the year,…

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By | 2020-06-11T13:00:10+00:00 June 11th, 2020|Business|Comments Off on Why the US Federal Reserve is damned if it unleashes more coronavirus stimulus, and damned if it doesn’t