The escalating coronavirus outbreak is unlikely to significantly impact the U.S....
San Francisco Federal Reserve Bank President Mary Daly poses at the bank’s headquarters in San Francisco, California, U.S., July 16, 2019. REUTERS/Ann Saphir.
“So I expect China to have a couple of quarters perhaps of weaker growth but then bounce back once this has been resolved and then that to have a temporary impact on the US economy and go away once things have been resolved”, Daly said. It kept interest rates unchanged last week at its first monetary policy meeting of the year but already investors are increasingly betting the central bank will be forced to cut interest rates this year due to the economic impact of the coronavirus outbreak, which has the potential to hurt global growth if it persists.
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