Federal Reserve Bank of St. Louis President James Bullard presented “Coronavirus and the U.S. Economy” to the Fort Smith Regional Chamber of Commerce on Friday. Bullard noted that coronavirus (COVID-19) cases appear to be stabilizing in China, with additional cases being reported globally. Global economic growth is likely to slow temporarily, with much of the slowdown centered in Asia, he explained. Bullard noted during his presentation that the Federal Open Market Committee (FOMC) is in a good position because of previous policy rate cuts designed to insure the economy against adverse shocks. “Longer-term U.S. ... (full story)