Aug 22, 2019 - 0 Comments - Economy -

Chart: Former Treasury Secretary Larry Summers Illustrates Lack of Ammo to Combat a Recession

There has been considerable discussion of late, and for that matter in recent years, of the Fed’s dwindling reserve of firepower to help mitigate the next recession. It has been a while, but surely one will come at some point. They always have. Former Treasury Secretary Larry Summers sums the situation up nicely with a recent tweet:

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