Coronavirus and The Economy

“Stocks tumbled more than 5% on Wall Street Wednesday… Markets have been incredibly volatile for weeks as Wall Street and the White House acknowledge the rising likelihood that the pandemic will cause a recession. The typical day this month has seen the stock market swing up or down by 4.9%.” (AP News)

“The Federal Reserve took massive emergency action [last] Sunday to try to help the economy withstand the coronavirus by slashing its benchmark interest rate to near zero and saying it would buy $700 billion in Treasury and mortgage...