Uh, no, there is no danger of a great depression now unless there's a housing bubble, Lehman Bros, Fannie Freddie, Countrywide type debacle lurking in the background.

if the Fed doesn't raise rates, what tool is left in their box to fight the inevitable?

Quote:

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Long-term interest rates dropped this week as the market didn’t get the reassurance it was seeking. Although the Federal Reserve Board curtailed its planned 2019 rate hikes from three to two, it seems committed to reaching a federal funds rate buffer of about 3%, which it could cut whenever recession hits.

https://www.kiplinger.com/article/business/T0...ecast.html

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