, Columnist
Coronavirus Freaked Markets, Not the Fed
The central bank is being measured, but would move up plans to cut rates if needed.
I’m waiting.
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The U.S. equity market finally is taking notice of the coronavirus, which now is spreading from China to other countries and increasing the risk of a shock that could cause a U.S. recession.
So what are the implications for the U.S. economy and the Federal Reserve? Obviously, that is a difficult question to answer because it's impossible to anticipate what comes next.