Can $700B in Quantitative Easing Calm The Markets? Feat. CoinDesk’s Michael Casey and Noelle Acheson

<p><span style="font-weight: 400;">Over the weekend, the Fed decided it couldn’t wait for Wednesday’s planned meeting to act, cutting interest rates to nearly 0%. It also announced $700 billion of direct capital injection through the purchase of Treasury securities and mortgage-backed debt. </span></p> <p><span style="font-weight: 400;">The question is whether this action can actually calm markets? So far, it’s not looking great. Within minutes, emergency circuit breakers were triggered again. Markets are down more than 9% on the day. </span></p> <p><span style="font-weight: 400;">In this episode, @NLW chats with CoinDesk’s Chief Content Officer Michael Casey and director of research Noelle Acheson about:</span></p> <ul> <li><span style="font-weight: 400;">Why the market isn’t impressed with Fed action</span></li> <li><span style="font-weight: 400;">Why no Fed response will be enough on its own to solve the health crisis and the resulting economic dislocation</span></li> <li><span style="font-weight: 400;">Why we’re going to see more conversations in the coming weeks about UBI, MMT and other direct citizen stimulus </span></li> </ul>