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A Fed rate cut in 2020 is now on the table as coronavirus spreads, economist says
video Central banks to the rescue? As coronavirus spreads, market participants are trying to assess whether global central banks will make a concerted effort to stem the damage in their respective economies by leveraging monetary policy tools. The People’s Bank of China kicked things off Monday with a $22 billion injection in an effort to boost liquidity as Asia stocks plunged on the first trading day after the Lunar New Year. The outbreak could even force the Federal Reserve to step in and cut interest rates to ease the pain in U.S. markets, said Benn Steil, director of international economics and senior fellow ... (full story)
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