The usually chipper Bruce Kasman over at JPMorgan Chase just lowered his 4Q economic forecast to -4 percent. He also looks for another 75 points' worth of Fed rate cuts this year. Interestingly, Fed economists have written studies that recommend putting the fed funds rate down to zero rather than incremental cuts below 1 percent. Bring on the Zero Handle.
U.S. News business reporter Matthew Bandyk examines the issues, people, and debates that shape the nexus of political and economic life in the nation's capital.
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