A massive rollout of easing measures by the Federal Reserve served to deepen som...
NEW YORK - A massive rollout of easing measures by the Federal Reserve served to deepen some investors’ anxiety over how effectively policymakers will be able to mitigate the economic damage from a spreading coronavirus pandemic.
“This is an indication that the central bank is very scared about the environment we’re in,” said Michael O’Rourke, chief market strategist at JonesTrading in Stamford, Connecticut. “The policy response is so strong, it’s likely to spook investors.” The Fed acted to mitigate the economic fallout as governments around the world sought to stem the spread of the virus that has infected over 156,000 people globally and killed more than 5,800.
Joachim Fels, PIMCO global economic advisor, said in a note that a global recession appeared to be “a foregone conclusion.”
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