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It may already be too late for the Fed to stop a recession, former central bank president says

Summary by Business Insider
Aaron Schwartz/Xinhua via Getty ImagesIt may be too late for interest-rate cuts to stop a recession, former Fed president Bill Dudley wrote for Bloomberg.He called for the central bank to start cutting rates this month.With rates slowing down the economy, unemployment will rise, triggering a recession indicator, he cautioned.Cutting interest rates now might no longer be enough to stop a recession, Bill Dudley wrote for Bloomberg, cautioning that…
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