Fed Vice Chair Clarida says it’s still too soon to tell on coronavirus, but will ‘respond accordingly’

Fed Vice Chair Clarida says it’s still too soon to tell on coronavirus, but will ‘respond accordingly’

Federal Reserve officials see the coronavirus as a significant threat to growth, but the extent of that is not known yet, Vice Chairman Richard Clarida said Tuesday.

Stocks have sold off aggressively on fear that the COVID-9 virus will slow the Chinese economy, which could have ripple effects across the global supply chain. Markets widely expect the Fed to cut interest rates in response.

Howev…

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