Stories Related to The Federal Reserve Rethinks Everything

WASHINGTON — The Federal Reserve is being forced to re-evaluate its most basic assumptions about the economy after trillions of dollars of stimulus and years of ultra-low interest rates have failed to generate a more robust recovery.For years, the central bank’s top officials pointed to “persistent headwinds” emanating from the Great Recession as the culprit for the tepid pace of the economy’s expansion: Government spending cuts were depressing growth.