Fed continues its pause; Too soon to react to coronavirus

Last week’s Federal Open Market Committee meeting was pretty much a yawn fest and the press conference held by Fed chairman Jerome Powell wasn’t much better. No fireworks. Just as expected, all ten members of the central bank’s rate-setting committee voted to hold the Fed’s benchmark federal-funds rate in a range of 1.5% to 1.75%. The Fed is comfortable.

I’m not sure this is comforting or complacency. Worth watching.

Just as importantly, the FOMC reiterated its intentions of doi...

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