The Fed on Tuesday slashed interest rates by half a percentage point in the first such emergency move since the 2008 financial crisis, reflecting global policy makers’ concern about the virus’s impact on growth.
(Mar 5): Singapore’s Trade and Industry Minister Chan Chun Sing said it’ll take more than an interest rate cut by the Federal Reserve to boost sentiment in the global economy amid a spreading coronavirus outbreak.
“It takes more than just a Fed cut to restore the confidence because people must see and feel for themselves the confidence in how governments are handling this in a coherent way,” Chan said in an interview Wednesday with Bloomberg TV’s Haslinda Amin.
