St. Louis Federal Reserve President James Bullard said Friday the coronavirus outbreak would have to reach levels of the ordinary flu before he would consider cutting interest rates. Markets are anticipating the Fed will cut rates four times this year amid a scare that the virus would cause a sharp slowdown in global growth. The coronavirus has not been classified as a pandemic and has seen far fewer deaths than the flu but its mortality rate is much higher. Bullard said the COVID-19 spread in China appears to be stabilizing. While he acknowledged the damage the virus already has done to economic growth expectations, ... (full story)