What St. Louis Fed president says about coronavirus, U.S. economy

Jim Bullard, president of the Federal Reserve Bank of St. Louis, said Friday he expects the coronavirus to be a short-term problem that won't lead to a cut in interest rates. “There’s a high probability that the coronavirus will blow over as other viruses have, be a temporary shock and everything will come back,” Bullard told CNBC's "Squawk Box." Bullard said, as he has before, that he doesn't expect a recession this year and that a Fed rate cut is not needed a t this time. "If you think…
Source: bizjournals.com Health Care:Pharmaceuticals headlines - Category: Pharmaceuticals Authors: Source Type: news