‘A Fed rate cut is not good tool. We need to make sure businesses survive demand destruction’: Economist

The Federal Reserve made the emergency step of cutting the U.S. interest rate by half a percentage point, a move aimed at limiting the financial fallout from the coronavirus. Milken Institute Chief Economist William Lee joins Yahoo FInance’s Zack Guzman, Heidi Chung and Former Canopy Growth Co-CEO Bruce Linton on YFi PM to discuss. …read more

Source:: Yahoo Finance

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