Statement from Federal Reserve

Jerome Powell just issued this “don’t panic” message.

The fundamentals of the U.S. economy remain strong. However, the coronavirus poses evolving risks to economic activity. The Federal Reserve is closely monitoring developments and their implications for the economic outlook. We will use our tools and act as appropriate to support the economy.

The calls from the markets for central bank intervention and fiscal stimulus are rising fast. However, this could well be finger in the dyke stuff….

Author: Martin North

Martin North is the Principal of Digital Finance Analytics

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