Federal Reserve vs coronavirus: What can the US central bank do?

Tue, Mar 03, 2020 - 6:49 AM

Wall Street has tanked, some factories in China have shuttered and businesses and investors fear the new coronavirus could damage the global economy and maybe even cause a recession.

PHOTO: REUTERS

[WASHINGTON] Wall Street has tanked, some factories in China have shuttered and businesses and investors fear the new coronavirus could damage the global economy and maybe even cause a recession.

The US Federal Reserve says it's ready to take action. What can it do, and will it actually...

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