Markets want Fed to save them. Why its tools might not work.
NEW YORK (AP) — As stocks at some level of the arena tumble on worries about a swiftly-spreading virus, investors were clamoring for the superheroes of the financial world to stride to the rescue yet again. But this time, there are doubts: Can central banks essentially fix this disaster as they’ve so many others? As much because the relaxation, the Federal Reserve and its counterparts at some level of the arena get hang of helped pressure up stocks all over the last decade with their interest-price cuts, stimulus programs and guarantees of pork up.