US Federal Reserve Chairman Jerome Powell speaks to reporters after the central bank cut interest rates in an emergency move on Tuesday. Photo: Reuters

Coronavirus fears outweigh US Fed’s surprise rate cut as stocks plunge nearly 3 per cent

  • Half-percentage point emergency cut is the largest since the 2008 financial crisis amid growing concerns that the virus poses an outsize threat to the economy
  • US stock markets plummet as uncertainty caused by Covid-19 outweighs stimulus
Topic |   Coronavirus outbreak
US Federal Reserve Chairman Jerome Powell speaks to reporters after the central bank cut interest rates in an emergency move on Tuesday. Photo: Reuters
READ FULL ARTICLE