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Peter Morici: Dear Mr. Powell and Mr. Draghi: It’s nuts to go negative


It’s crazy to keep lowering rates after it’s clear that lower rates aren’t working. If the definition of insanity is to do the same thing over and over and expect a different result, then outgoing European Central Bank President Mario Draghi and Federal Reserve Chairman Jerome Powell, judged by their recent decisions to further ease

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Posted: September 19, 2019 Thursday 09:07 AM