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Caroline Baum: Fed injects a big dose, but it’s got the wrong medicine for the coronavirus pandemic
Traditional stimulus won’t work when consumers don’t want to go out and spend. Twelve days that shook the world and drove the Federal Reserve to decisive action. Alas, traditional monetary-policy medicine may not be up to the task of addressing a pandemic that has disrupted financial markets and shut down large swaths of the economy. After
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Posted: March 16, 2020 Monday 01:09 PM