Will the Fed’s emergency rate cut work?
Posted March 16, 2020
External Article: Fox Business
Dennis Lockhart, distinguished professor in the Nunn School and past Atlanta Federal Reserve president was interviewed in “Will the Fed’s emergency rate cut work?” By Fox Business.
Excerpt:
“I don’t think we can know whether or not it will work,” Dennis Lockhart, the former president of the Federal Reserve Bank of Atlanta, told FOX Business. “First of all, I would say the Federal Reserve is in a support role here. The real frontline of action has to be the health authorities, and to some extent the fiscal authorities as well.”
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