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Peter Morici: Fed should turn to digital money to combat next recession
Congress should allow Fed to inject helicopter money into consumer, business accounts. The Federal Reserve appears content to leave the federal funds rate—now targeted at 1.5% to 1.75% —steady through 2020. Growth looks solid enough and inflation within Chairman Jerome Powell’s comfort zone but longer term, the economy faces challenges that
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Posted: January 21, 2020 Tuesday 06:00 AM