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Fed’s rate cut signals a recession may be ahead – and it may not have enough ammunition to fight it

  • Written by Michael Klein, Professor of International Economic Affairs at The Fletcher School, Tufts University
Fed’s rate cut signals a recession may be ahead – and it may not have enough ammunition to fight itThe Fed's Jerome Powell keeps his cards close to his chest. AP Photo/Patrick Semansky

The Federal Reserve seems a lot more concerned about the state of the economy than it’s been letting on.

The Fed lowered its target interest rate by a quarter point on Sept. 18, the second such cut since July – and the first reductions since the Great...

Read more: Fed’s rate cut signals a recession may be ahead – and it may not have enough ammunition to fight it

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