Ahead of the Tape
Damage Done</br></br>May Require</br></br>Bigger Moves</br></br>So far in this recession, fiscal and monetary policy has been an effective antidepressant. But it may not be an effective stimulant, given the pain consumers have suffered.</br></br>The government is committing trillions of dollars in various bailouts and lending programs. The Federal Reserve has slashed its target interest rate and is buying debt to lower other rates, too.