Federal Reserve slashes interest rates to zero
The Fed can, and will do much, much more. The signal here should be read as "whatever it takes to avoid a depression."Among other steps, this is likely to mean:- Negative-yielding long-term treasuries- Direct purchase of stocks or ETFs, which would require congressional approval. Expect the discussions to start soon.The steps already taken and the ones to be taken will create financial manipulation on a scale never before seen.If the Fed loses this fight, game over.