Why the coronavirus may force the Fed to cut interest rates again (via TradingNation)
Plus, the 10-year Treasury Note yield on Friday briefly fellSteil said the Fed, which holds its next policy meeting on March 17-18, could take additional steps beyond rate cuts to help the economy weather the coronavirus impact.
"The Fed, of course, could do much more. It's got about 125 basis points more to go before we get zero rates," he said. "Then, it could stop its balance sheet reduction and perhaps start expanding its balance sheet again through asset purchases.""There isn't firm evidence that it really helps that much compared to other tools central banks have, such as forward guidance and asset purchases," Steil said. "There's not too far you could go below zero.
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