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RWIU - Scott Sumner On How Central Banks Should Respond To The Coronavirus Threat
Direxion FTSE Russell International Over US ETF Direxion Shares ETF Trust
Originally published March 3, 2020
Widespread fear of the Coronavirus has led to market turmoil and uncertainty, and it is important that the Fed responds accordingly.
Scott Sumner is the Ralph G. Hawtrey Chair of Monetary Policy at the Mercatus Center at George Mason University, and a returning guest to Macro Musings. Scott joins the show today to talk about the recent market turmoil caused by the COVID-19 coronavirus and its implications for monetary policy. David and Scott also discuss how the Fed should respond to a possible pandemic, why monetary policy is preferable to