The proposals would do little to stop the virus’s spread, but would aim to arrest economic fears
Trump administration officials are holding preliminary conversations about economic responses to the coronavirus, as the stock market fell sharply again on Friday amid international fears about the outbreak, according to five people with knowledge of the planning.
Among the options being considered are pursuing a targeted tax cut package, these people said. They have also discussed whether the White House should lean even harder on the Federal Reserve to cut interest rates, though the central bank on Friday afternoon said it would step in if necessary.
No decisions at the White House have been reached on these options, and officials stressed conversations remained preliminary and extremely fluid. Continue reading.