Commenting on the potential impact of the coronavirus outbreak on the US economy, “the economy will slow down in certain sectors but the slowdown will be temporary,” White House economic adviser Larry Kudlow told CNBC on Friday. “I don’t think the government should be throwing cash around in short-term rebate-type plans,” Kudlow argued. “More information is needed before action can be taken to help the economy with fiscal measures.” Market reaction These remarks failed to help market sentiment improve. As of writing, Wall Street’s three main indexes were losing more than 3% and the 10-year US Treasury bond yield was at fresh all-time lows at 0.675%, down 26.7% on the day. 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 EUR/USD: Downside correction before rally resumes FX Street 2 years Commenting on the potential impact of the coronavirus outbreak on the US economy, "the economy will slow down in certain sectors but the slowdown will be temporary," White House economic adviser Larry Kudlow told CNBC on Friday. "I don't think the government should be throwing cash around in short-term rebate-type plans," Kudlow argued. "More information is needed before action can be taken to help the economy with fiscal measures." Market reaction These remarks failed to help market sentiment improve. As of writing, Wall Street's three main indexes were losing more than 3% and the 10-year US Treasury bond yield was at fresh all-time… 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.
