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The Fed will have to do a lot more than cut rates to zero to stop Wall Street's coronavirus panic

  • Written by Alexander Kurov, Professor of Finance and Fred T. Tattersall Research Chair in Finance, West Virginia University
The Fed will have to do a lot more than cut rates to zero to stop Wall Street's coronavirus panicA sea of red.AP Photo/Craig Ruttle

The Federal Reserve is 0 for 2 in its fight against Wall Street’s coronavirus panic, seeming to confirm perceptions of the central bank’s impotence.

The Fed’s first attempt to calm thing down – a half-point surprise rate cut on March 3 – failed because markets knew the Fed was almost...

Read more: The Fed will have to do a lot more than cut rates to zero to stop Wall Street's coronavirus panic

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