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ANALYSIS: Why the Fed slashed interest rates to zero, and why it may not be enough

By Joseph Lawler
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ANALYSIS: Why the Fed slashed interest rates to zero, and why it may not be enough

The Federal Reserve has never seen a hard stop to commerce like this.

A week ago, college basketball fans were looking forward to March Madness. Cities were planning St. Patrick’s Day parades. Las Vegas was booming.

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