Federal Reserve Chairman Jerome Lowell made a well-directed and much-needed statement on Friday in an attempt to begin taking back control of the narrative of the Fed’s response to the coronavirus outbreak. … READ MORE >
monetary policy
How the Fed responds to economic downturns
Since the 1970s, the Federal Reserve has relied on manipulating expectations of short-term interest rates through cuts in its overnight policy rate in response to economic and manufacturing slowdowns. … READ MORE >