INSUBCONTINENT EXCLUSIVE:
By Steve MatthewsFederal Reserve Bank of St
Louis President James Bullard said he would back interest-rate reductions if the coronavirus develops into a global pandemic, but made clear
policy this year, said Friday in Fort Smith, Arkansas.
His remarks go a bit further than other recent Fed commentary, opening the door for
action if needed even though policy makers are signaling they have not yet reached that point
New York and Treasury yields sinking to fresh record lows.
Traders bet the Fed may be forced into an emergency move if the coronavirus gets
The Federal Open Market Committee cut rates three times last year, which puts the Fed in a good position to insure against adverse shocks,
virus continue to rise elsewhere
