# Research from Professor Kim Schoenholtz on the effectiveness of using new monetary policies to counter recessions is highlighted

1 Faculty News February 21, 2020 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg192x144.jpg?itok=yV529lwz)>

Excerpt from [Bloomberg](https://www.bloomberg.com/news/articles/2020-02-21/fed-needs-to-outline-plan-to-fight-next-downturn-economists-say-k6wcde1f) -- "'Going forward, low global bond yields likely will hamper any attempt to lower safe interest rates using either old or new monetary policy tools,' economists Stephen Cecchetti, Michael Feroli, Anil Kashyap, Catherine Mann and [Kermit Schoenholtz](https://www.stern.nyu.edu/faculty/bio/kim-schoenholtz) wrote in the paper."

[Read More](https://www.bloomberg.com/news/articles/2020-02-21/fed-needs-to-outline-plan-to-fight-next-downturn-economists-say-k6wcde1f)