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3/6, 2:09 PM (Source: TeleTrader)
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Fed willing to do more to contain COVID-19 impact - Bullard

St Louis Federal Reserve Bank President James Bullard stated on Friday that the Fed stands ready to do whatever it takes to help stabilize the economy amid the coronavirus outbreak, stressing that when it comes to monetary policy at the moment, "everything is on the table."

"We're all struggling to understand the effects of the coronavirus," the central banker noted, which is why he is "not surprised" by the volatility seen in recent days in equity, debt and commodity markets.

"We are monitoring the situation," Bullard assured, adding that he expects growth slowdown from the virus to be "temporary" even at the time when markets are pricing in the "very worst-case scenario," the policymaker underlined.

Breaking the News / GG