The central bank has fewer arrows in its quiver to protect the economy from the normal ups and downs. When a recession threatens, the Federal Reserve has a trusty method for either preventing it or minimizing its damage: Cut interest rates — by a lot, if necessary.
from Pocket https://www.nytimes.com/2019/04/29/upshot/how-fed-can-fight-next-recession.html
via TV Aerials Leeds
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