Fed rate cut necessary for U.S. markets to function: Former Dallas Fed Advisor
The U.S. Federal Reserve has cut interest rates by a half point in an emergency move as coronavirus fears spead. Danielle DiMartino Booth, CEO of Quill Intelligence and former Dallad Fed advisor, says that this move was all about functionality with market. She says that the Bank of Canada will most likely have to follow the U.S. Fed’s move with a cut tomorrow, for the benefit of the global economy.