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

|By:, SA News Editor

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.