Fed’s Bullard: U.S. rate cuts ‘a possibility’ if coronavirus intensifies, not base case

Federal Reserve rate cuts are ‘a possibility’ if the outbreak of coronavirus intensifies into a global pandemic with death rates approaching yearly flu outbreaks, St. Louis Federal Reserve bank president James Bullard said Friday, in the U.S. central bank’s most explicit assessment yet of how the epidemic is influencing its thinking.

…read more

Source:: Reuters – Business News