The federal reserve knew they would run into the lower bound and that dropping of interest rates would no longer serve to stimulate the economy. However the use of credible threats is proving to provide the liquidty needed to keep debt markets from freezing. https://www.cnbc.com/2020/06/24/the-fed-said-it-could-supply-the-economy-with-2point3-trillion-it-hasnt-come-close-so-far.html https://awealthofcommonsense.com/2020/06/why-are-credit-card-interest-rates-so-high/ https://fred.stlouisfed.org/graph/fredgraph.png?g=sdaz https://www.federalreserve.gov/boarddocs/Speeches/2002/20021121/default.htm email me uneducatedeconomist@gmail.com real mail P.O. 731 Astoria , OR 97103 patreon https://www.patreon.com/UneducatedEconomist Want to buy me a coffee https://www.paypal.me/meatbingo https://cash.app/$bingo503 uneducatedeconomist@handcash.io Buy an Uneducated Economist hoodie https://teespring.com/uneducated-hoodie?pid=212&cid=5823 BTC 3QuefL5L7GbXJgHPqRnHzvAGdgz4pKo6tM LTC MR5Cisf7gNxgp5LDK97vx6Qy45S9X22LCD BCH qratty9pxfr737p5q7tpr7fwrgfsc63zgvl4a3dsyr ETH 0x5C87ffb67B4018EEC542156C0EF41a7c88448dfC
The Fed Has 2.3 Trillion Dollars Of Credible Threats
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