Cutting benchmark rate to zero points up risks of plenty of nothing
(Newser) -
Nada. Naught. Zip. Zero, as in the 0% interest the Federal Reserve is asking banks to pay—or, rather, not pay—for short-term loans. What does getting zero back for loaning money mean, wonders Paul Farhi of the Washington Post. "The strategy is to hose down America's sclerotic financial...