Mises Daily
Author:
Frank Shostak
Online Publish Date:
On June 27, citing the downturn in economic activity, the Fed announced that it had lowered the target for the federal funds rate by 0.25 percent, to 3.75 percent. Since January, the U.S. central bank has lowered its target by 275 basis points. Can aggressive lowering of the federal funds rate prevent the U.S. economy from falling into a