News Article(permalink)
A US central banker said Friday that emergency interest rate cuts in response to the coronavirus outbreak are possible but not likely unless the epidemic becomes much worse. James Bullard, head of the St Louis Federal Reserve Bank, last year pushed for more aggressive rate cuts, but now says policy is in a good place. "In my view, further policy rate cuts are a possibility if a global pandemic actually develops... But that's not the baseline case at this time," he said during a speech in Arkansas. hs/cs
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Date published
2020-02-28

