Coronavirus outbreak could spark more interest rate cuts, economist Benn Steil says
Council on Foreign Relations economist Benn Steil says the Federal Reserve’s half percentage point cut in interest rates may not be enough to keep the economy on track as the coronavirus spreads.
“None of us would be surprised to see the Fed cutting further in the coming months,” the council’s senior fellow and director of international economics told CNBC’s “Trading Nation” on Thursday.