(Kitco News) - The Federal Reserve has thrown everything but the kitchen sink at financial markets in an attempt to stabilize investor sentiment that continues to be rocked by the spreading coronavirus. However, some economists and analysts are skeptical that the latest efforts will work.
Sunday, the Federal Reserve, in an emergency move and just days before its monetary policy meeting, announced that it was cutting interest rates to a target between 0% and 0.25%. It also announced $700 billion in new quantitative easing measures.