Federal Reserve (Fed) may raise rates if the negative impact of coronavirus on the economy is not as bad as expected, Minneapolis Fed Bank President Neel Kashkari said on Thursday, according to Reuters. The Fed cut rates by 50 basis points this week, signaling markets that it is willing to act with speed to support the economy and markets. Fed’s action, however, won’t fix broken supply chains or persuade people who are worried about being exposed to the virus to leave their homes, said Nathan Sheets, chief economist at PGIM Fixed Income, according to CNBC. Key quotes by Kashkari Erring on the side of taking out a little insurance is now prudent. If the virus turns out really bad we may need to do more. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next WTI Price Analysis: Registers four-day losing streak, $45.30 offers nearby support FX Street 3 years Federal Reserve (Fed) may raise rates if the negative impact of coronavirus on the economy is not as bad as expected, Minneapolis Fed Bank President Neel Kashkari said on Thursday, according to Reuters. The Fed cut rates by 50 basis points this week, signaling markets that it is willing to act with speed to support the economy and markets. Fed's action, however, won't fix broken supply chains or persuade people who are worried about being exposed to the virus to leave their homes, said Nathan Sheets, chief economist at PGIM Fixed Income, according to CNBC. Key quotes by Kashkari Erring… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
