Fed’s Bullock: No Rate Cut Unless Coronavirus Becomes Pandemic

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Fed’s Bullock: No Rate Cut Unless Coronavirus Becomes Pandemic

MMG's Bodnar: We've Been Watching This Movie All Year Bill Bodnar of the Mortgage Market Guide breaks down the jobs report, why and how it came in above expectations, and what that means just days ahead of the Fed meeting.

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Fed’s Bullock: No Rate Cut Unless Coronavirus Becomes Pandemic

Sunday, Mar 01 2020

Written by Chris Frankie

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For interest rate cuts to happen, the outbreak of the covid-19 coronavirus would have to become a pandemic, said James Bullard, St. Louis Federal Reserve President. So reports CNBC.

“Further policy rate cuts are a possibility if a global pandemic actually develops with health effects approaching the scale of ordinary influenza, but this is not the baseline case at this time,” Bullard said in a statement.