In past financial crises, central banks across the world developed a time-tested tool kit to rescue national economies. So why don’t previous interventions seem to be working this time? Guest: Peter S. Goodman, who writes about the economy for The New York Times. For more information on today’s episode, visit nytimes.com/thedaily.
Background reading:
The Federal Reserve cut interest rates • to near zero and said it would buy hundreds of billions of dollars in U.S. government debt, moves reminiscent of its actions during the 2008 financial crisis. • The coronavirus is upending life as we know it — and news is changing rapidly. Here are the latest updates • on school closings, travel restrictions and governmental directives.
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