Economics

Central Bankers Scramble for Answers to Virus Fallout: Eco Week

ECB meets to set policy, U.K. budget due as outbreak spreads
Weekly take on events in the world economy and their fallout

Lawrence H. Summers, former U.S. Treasury Secretary, reflects on what he calls a “bad week” for the U.S. Federal Reserve on “Bloomberg Wall Street Week.”Bloomberg

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By David Goodman

March 8, 2020 at 3:00 AM UTC

This article is for subscribers only.

Global central bankers enter a new week under fresh pressure to outline the next steps in their battle to address the impact of the coronavirus outbreak.

Policy makers got a wake up call last week as the Federal Reserve’s emergency interest rate cut did little restore confidence, leaving officials hunting for innovative ways to add stimulus that can have a more targeted effect on the disruption caused by the virus.