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Coronavirus panic could severely hit US services economy, former Fed insider tells Boom Bust ...News
Stocks are seeing a second straight day of losses as global coronavirus fears shake the financial markets. RT’s Boom Bust looks into economic reactions and at how the Federal Reserve could react. Former Fed insider Danielle DiMartino Booth says “you can’t just ignore what’s going on with the coronavirus.” Booth points out that the Federal Reserve should be looking not at the manufacturing supply chain but focusing on the greater part of the US economy, which is the service sector. According to her, Chinese tourists may only make up four percent of travelers to the United States but they a
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