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Post by จิระ มีคําสุข   #122389    |    Mar 09, 2020, 6:29pm   |    Others
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[NEWS] Why COVID-19 May be a Major Blow to Globalization


As Americans try to decide whether they’re too worried about coronavirus or not worried enough, fears of recession have shifted Washington into action. Congress appears poised to approve billions of dollars in emergency funding. On March 3, the Federal Reserve chipped in with an emergency interest-rate cut of half a percentage point, the biggest such cut since the 2008 financial crisis. The Fed’s hope is to limit economic damage inflicted by the virus by boosting business confidence and household spending, but the effect is to remind us that already historically low rates leave the Fed with limited ammunition. It’s just one more source of anxiety about the virus.

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