Wall Street is certain the Fed will slash interest rates next month. But a key official says that will only happen if the coronavirus becomes a pandemic.
7:35am PST - February 28th, 2020 federal reserve - Business InsiderSt. Louis Federal Reserve President James Bullard said Friday that interest rates would be cut only if the coronavirus worsened. The comments were the latest sign the central bank would maintain a wait-and-see approach to the outbreak. But Wall Street expecta…