Fed's Emergency Rate Cut Might be Counterproductive Says Wells Fargo's Harvey

The video discusses the current state of Treasury yields, which are near all-time lows, and the implications for the economy. It explores the role of the Federal Reserve in addressing financial conditions and the market's reaction to its actions. The discussion includes the potential global economic impact of the virus, particularly on major economies like Italy, France, and South Korea. Concerns about banking, credit provision, and market confidence are highlighted, along with the need for fiscal policy to support small and medium-sized enterprises during this temporary economic shock.

What are the potential risks of a return to a 0 interest rate policy?

How might the Fed's actions impact banks' ability to provide credit?

What strategies can be employed to support small and medium-sized enterprises during economic downturns?