The Federal Reserve is unleashing its boldest effort yet to protect the U.S. economy from the coronavirus by helping companies and governments pay their bills and survive a devastating crisis.
A gyrating stock market is seizing headlines as the coronavirus threatens corporate profits and economic growth. Yet it’s in the normally temperate bond market, where companies go to borrow money, where the gravest dangers may lurk.
Elizabeth Warren became a household name thanks to her prescient warning of what became a global financial crisis. Now she’s staking her credentials on another forecast of fiscal trauma ahead. But even economists who like her prescription are skeptical about her diagnosis.
