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- St. Louis Fed president Bullard: Negative rates are not a good option for U.S.
St. Louis Fed president Bullard: Negative rates are not a good option for U.S.
- Fed programs had clear announcement effect on markets
- Fed's dollars swamplands also helped to calm markets
- Goal to stop health crisis morph into financial crisis
- Cannot continue economic shutdown for too long
- Prolonged shutdown risks bankruptcy, depression
- Everyone understands rates on hold for quite a while; not worried about normalizing Fed policy a moment
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