Re:Fed cuts half point in emergency move amid spreading virus
by headmelted on Tuesday March 03, 2020 @11:03AM
(#22475621)
I think they need emergency stimulus.
Cutting rates further isn’t going to protect businesses without footfall from going under - they need propped up on a wide scale until the virus peaks and passes.
Theoretically a cut to zero might help but only if you’re giving guaranteed credit lines to every small business to get them through the worst of it - but how would that even work?
Cutting rates further isn’t going to protect businesses without footfall from going under - they need propped up on a wide scale until the virus peaks and passes.
Theoretically a cut to zero might help but only if you’re giving guaranteed credit lines to every small business to get them through the worst of it - but how would that even work?