(Bloomberg) — For more than a year, America’s central bankers have been brainstorming about how to tackle the next downturn — and assuming they had plenty of time to travel around the country figuring it out.It turns out that the Federal Reserve has no time at all.Fed Chair Jerome Powell and his colleagues began 2020 betting they could keep interest rates steady in a strengthening economy. They’re now in a race to save an 11-year expansion from the coronavirus, which has wreaked havoc across financial markets and threatens to tip the U.S. into recession too — if it hasn’t done …read more
Source:: Yahoo Finance
