Follow the Fed? Why central banks won't be rushed on virus response


Will the world's big central banks leave U.S.

Federal Reserve Chair Jerome Powell hanging? They're certainly going to try. No major central bank has yet matched the Fed's emergency rate cut in response to the coronavirus outbreak and there is mounting evidence that counterparts in the euro zone, Japan, Britain and Switzerland are keen to avoid a hasty response. While the coronavirus outbreak is already disrupting global supply chains, slowing industrial activity, grounding flights and hitting financial markets, central banks.....

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