Larry Kudlow's Endless Optimism Takes On Coronavirus
It’s shaping up to be a doozy of a Tuesday morning. At 10 a.m. on March 3, the U.S. Federal Reserve announces its first emergency rate cut since the global financial crisis. Soon after, in a hastily called press conference, Fed Chair Jerome Powell will tell reporters—and investors watching from afar who seem to be quickly losing faith in the healing powers of monetary policy—that responding to what’s now a quasi-global coronavirus outbreak and its economic fallout will require a “multifaceted” response from health and fiscal authorities.
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