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If another recession comes along any time soon, Chris Isidore says the Fed has run out of...

  • Monday, June 21, 2010, 5:20 PM ET
    If another recession comes along any time soon, Chris Isidore says the Fed has run out of bullets to fight it. The fed funds rate is already near zero, longer-term rates are at historic lows, and a resumption of asset purchases would raise too many alarms. "It's hard to do know what [the Fed] can do to encourage spending at this point other than flooding the economy and banking systems with money," one economist laments.
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This news story has 8 comments:

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    all that money the fed has "flooded" into the obama banks is NOT helping the average american. it also is not helping resolve the toxic assets and bad RE loans. it is not creating jobs. americans are not even receiving (on an equal basis) the benefit of lower interest rates.
    consumer rates are up and credit availability is down.
    It is massively increasing US deficits, keeping the corrupt gov't/big bank cabal in business and potentially creating risk of inflation.
    21 Jun 2010, 05:38 PM Reply Like
  •  
    The "obama banks"? Seriously? I didn't even vote for the guy, but partisans never have information, only bias.
    21 Jun 2010, 06:19 PM Reply Like
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    Interesting enough, there is truth to that. If you think both parties aren't neck deep in banks you're deluding yourself. No rhetoric coming from either party is evidence of indifference or opposition but political marketing to imbeciles. The current banking bill is plenty of evidence of support, and specifically from the party in power. No reform of Fannie or Freddie, and the Lincoln amendment that required Obama supporters such as Goldman and JP Morgan Chase ito spin off derivatives department is staunchly opposed by the administration and most other democrats.
    21 Jun 2010, 11:17 PM Reply Like
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    More Tax Cuts!
    21 Jun 2010, 06:57 PM Reply Like
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    This was intended to save the banks not the average jobless Joe. Recession who care? How about another war?
    21 Jun 2010, 10:28 PM Reply Like
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    Maybe if the government finally concedes and does nothing, we can begin to heal.

    Seems everything they have done has either not worked (except for a few special interests) or made things worse.
    22 Jun 2010, 07:35 AM Reply Like
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    What we should have learned from the crisis, is that we need tighter credit standards. Each time we have had a period where banks tried to act like venture capital firms, we have had massive failures and problems. Maybe consumers should save for down payments, and borrow when they have a need not a want.
    22 Jun 2010, 07:45 PM Reply Like
  •  
    Get Ready People, we are gonna go on a rollercoaster ride straight down! And I have a feeling it might start very soon!
    23 Jun 2010, 12:18 AM Reply Like
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