as the lender of last resort the fed is always the winner at the expenses of balance sheets.
diminishing corporate earnings pile up debt. however, main street common sense tells us that a responsible entity should put debt reduction at the core of its business.
the hypothesis of negative interest rates will certainly do more harms to investors.
美国联准会15日紧急降息四码（1个百分点），将基准利率降至接近零，并至少增加
7000亿美元的债券资产，以挽救受新冠肺炎疫情冲击的经济。
为了因应新冠肺炎疫情对于经济的冲击，美国联邦准备理事会宣布调降基准利率4码，
来到0%至0.25%的目标区间，并推出7000亿美元的量化宽松措施。
联准会早在3月3日宣布降息2码（0.5个百分点），将联邦资金利率目标区间降到1%至1.25%，今天又降息4码（1个百分点），来到0%至0.25 %的目标区间。
除了降息动作，联准会还宣布启动高达7000亿美元的量化宽松措施，以保护经济免受新冠肺炎疫情的影响。
川普曾多次公开敦促联准会降息以提振国内经济，他在白宫记者会上表示：「这真是好消息，这对美国很好。」
as the lender of last resort the fed is always the winner at the expenses of balance sheets.
diminishing corporate earnings pile up debt. however, main street common
sense tells us that a responsible entity should put debt reduction at the
core of its business.
the hypothesis of negative interest rates will certainly do more harms to
investors.