A New Paper Reveals the Fed's Policy Impotence If Another Recession Hits Soon

Fiscal policy and negative policy rates might be needed, says Citigroup Inc.

El-Erian: Federal Reserve Needs to Lead the Market

Federal Reserve Board (FRB) officials are beset with fears they lack the policy tools to combat future cyclical shocks to the U.S. economy, an issue expected to be debated at the annual Jackson Hole summit later this week.

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