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Opinion: The Fed's latest rate cut was a useless and desperate... Economy
score: +1
score: -1
score: 2, Economy, 2020-03-18 15:05:48, published by CNN
If the intent was to boost the economy or the markets, the Fed's 50-basis-point emergency rate cut a couple weeks ago was an exercise in futility. Doubling down on that failed strategy — by announcing an additional 100-basis-point cut Sunday evening — was just useless and desperate.... [additional details]