The Federal Reserve is now prepared to reduce interest rates this month even though it recognizes monetary policy cannot completely shelter a U.S. economy increasingly threatened by the coronavirus.
Hooper expects the Fed to cut rates by a quarter percentage point in March and April. His counterparts at Bank of America Corp. predict a half-point cut this month. Those at Goldman Sachs Group Inc. see reductions totaling three quarters of a point through June.
https://www.newsmax.com/newsfront/fed-rate-cut-powell/2020/03/01/id/956396/