What did the Fed just do? | Make Me Smart #152 | COVID-19

As if you needed more evidence that the Coronavirus (COVID-19) outbreak has ripple effects through the economy, the Federal Reserve cut interest rates by a half point this morning. It’s a very unusual move, unseen since 2008.

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So we’re going to take some time today to talk though what that cut means, what the Fed is saying about coronavirus, the market reaction and whether or not we should even care about stocks when there’s a pandemic brewing.

#Fed #COVID19 #Marketplace

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ABOUT MAKE ME SMART:
Because none of us is as smart as all of us. Make Me Smart with Kai and Molly is a podcast about the economy, technology and culture. Hosts Kai Ryssdal and Molly Wood use their expertise to connect the dots on the topics they know best, and get help from listeners and experts about the ones they want to know better.

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