Expert: Let the Federal Reserve Administer an Antiviral Shot

An emergency lending program would keep a liquidity crisis from turning into a solvency crisis. Kevin Warsh The policy pronouncements and tools used in 2008 by Federal Reserve Chairman Ben Bernanke and his crisis-fighters weren’t designed to address the current threat. Yet Chairman Jerome Powell fired a 2008-style barrage Sunday evening. Cutting interest rates to […]

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