Six ways the Federal Reserve could respond to the next recession (Anna Malinovskaya, David Wessel, Brookings)

If another recession hits, does the Federal Reserve have any tools left to bring the economy back to growth and stability? Or has it run out of ammunition? Jon Faust of Johns Hopkins University argues that, with short-term interest rates still near zero, the tools the Fed has used in the past Fed’s tools may not be as powerful or effective as usual.

http://www.brookings.edu/blogs/up-front/posts/2016/03/28-six-ways-federal-reserve-could-respond-next-recession-wessel