Analysis

Lack of confidence in US leadership adds to coronavirus panic

By Tony Walker
Updated March 17 2020 - 12:43am, first published 12:26am
President Donald Trump's initial response to the emergence of the COVID-19 contagion in China was to play down its likely effects. Picture: Shutterstock

When the Federal Reserve cut interest rates to the bone this week, this represented the most decisive action taken so far to forestall recession caused by a global health crisis.

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