[ExI] Does the Pope have Corvid-19?
johnkclark at gmail.com
Sat Feb 29 22:00:22 UTC 2020
On Sat, Feb 29, 2020 at 3:53 PM Dylan Distasio via extropy-chat <
extropy-chat at lists.extropy.org> wrote:
*> The Fed (and other central banks) have other tools beyond interest
> rates. *
But interest rates are its most powerful tool and its's nearly gone; in
1982 it was 19.5%, but today it's just 1.5% so not much room for a rate
cut. Here is a chart of what the rate has been over the years and as you
can see its already freakishly low.
Federal interest rates
> *A coordinated surprise central bank intervention will certainly goose
> markets short term. *
I don't think it would do much even short term because Fed interaction has
already been factored into stock prices. The only thing that would surprise
the market would be if the Fed did nothing, and that would not be a
surprise of the good sort.
John K Clark
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