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Karl Smith: The Fed Needs to Give the Economy a Booster Shot


The best way to fend off a recession is to cut rates even more than the market expects. For the most part, investors expect the U.S. Federal Reserve to lower its main interest rate by a quarter of a point today, though a smaller contingent expects the Fed to do nothing. The Fed should confound both these groups — and cut rates by half a

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Posted: September 18, 2019 Wednesday 05:00 AM