The Fed reduced rates to keep the effects of the outbreak from spreading to sectors not directly affected by the virus.
Tag: United States Economy
Global Health Crisis 1, Economic Policymakers 0
As leaders of the world’s wealthiest countries pledged to limit the damage from the coronavirus, they appeared to be operating with limited options.
Why a Coronavirus Recession Would Be So Hard to Contain
A supply shock is not a problem our usual economic tools are particularly good at solving. But it’s the one we face.
How Bad Could It Get? Companies Gauge the Coronavirus Impact
Whether the economy slides into a recession may be determined by the way businesses react to the outbreak.
Coronavirus Fears Reverberate Across Global Economy
The stock market had its worst week since 2008, signaling that one of the longest expansions in history could be ending. Policymakers said they were ready to act.
U.S. Soldier Tests Positive for Virus in South Korea
The soldier, the first U.S. service member known to be infected, has been quarantined in his off-base residence, the military said.
Finance Ministers Grapple Over Economic Threat of Climate Change
The United States, under pressure from Europe, agreed to include a climate reference in an official G20 statement.
SARS Stung the Global Economy. The Coronavirus Is a Greater Menace.
In the nearly 20 years since SARS, China’s importance in the global economy has grown exponentially.
Trump Administration Restricts Entry Into U.S. From China
The travel disruption sent shocks through the stock market and rattled industries that depend on the flow of goods and people between the world’s two largest economies.
Trump Expands Steel Tariffs, Saying They Are Short of Aim
The president plans tariffs on metal items like nails and cables after his earlier move raised the cost of making those products in the United States.