Archive for March 15th, 2020

Central Bank Watch

U.S. Monetary Policy Eased Further on a Sunday Night

March 15, 2020

I had been struck by the rarity of the Fed’s 50-basis point interest rate cut on March 3 because officials acted then between scheduled policy meetings. An even rarer action has just occurred. Policy has been changed on a weekend, calling to mind former Fed Chairman Volcker’s, press conference on October 6, 1979, which marked […] More