Why This Recession Will Be Different
In past financial crises, central banks across the world developed a time-tested tool kit to rescue national economies. So why don’t previous interventions seem to be working this time? Guest: Peter S. Goodman, who writes about the economy for The New York Times. For more information on today’s episode, visit nytimes.com/thedaily. Background reading: The Federal Reserve cut interest rates to near zero and said it would buy hundreds of billions of dollars in U.S. government debt, moves reminiscent of its actions during the 2008 financial crisis.The coronavirus is upending life as we know it — and news is changing rapidly. Here are the latest updates on school closings, travel restrictions and governmental directives.