PolicyEconomyCoronavirus pandemicPrint articleFed stuns with 50 basis point rate cut as coronavirus risk spreadsJacob Greber and Hans van LeeuwenMar 4, 2020 – 1.09amSaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginWashington|London | The US Federal Reserve jumped into the Reserve Bank's slipstream, slashing its benchmark interest rate in an emergency move amid evolving economic risks from the global coronavirus outbreak.The biggest Fed rate cut since 2008 came hours after finance ministers and central bankers from the Group of Seven economies agreed to "take actions, including fiscal measures where appropriate".Loading...Jacob Greber was The Australian Financial Review’s senior political correspondent. Connect with Jacob on Twitter. Email Jacob at jgreber@afr.comHans van Leeuwen is The Australian Financial Review’s former Europe correspondent. He is now International Economy editor for The Telegraph UK.SaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginLicense articleIntroducing your NewsfeedFollow the topics, people and companies that matter to you.Find out moreRead MoreCoronavirus pandemicHealthcareIllnessMonetary policyGlobal economyFederal ReserveLatest In EconomyFetching latest articlesMost Viewed In PolicyThe Australian Financial Review MagazineAFR Magazine celebrates The Art of MovementLauren Sams‘We don’t want to die wondering’: Jo Horgan on Mecca’s biggest bet yetThis Brisbane restaurant deserves a Michelin starBOSS Financial ReviewGrant Hackett is now a CEO. But his diet is still heavy on proteinSally Patten and Lap PhanThis CEO thought he was healthy. Then he went for a checkHow the Macquarie CEO played a role in setting me up to lead MagellanLife & LeisureRum aged on a ship plus other distilled oddities for your drinks cabinetMax AllenThis electric Benz is better than any petrol-powered off-roaderWashington DC’s antidote to the Trump slumpRich ListWhy cashing out won’t be easy for Australia’s gambling billionairesPrimrose RiordanSpotlight’s new Anaconda will teach shoppers to fishPortelli hits fast lane on mooted LMCT+ sale, MacCap takes the wheel
