Coronavirus credit crunch was unlikely to self-correct -NY Fed official
The coronavirus pandemic led to the
most extreme levels of financial market volatility since the
2008 crisis and credit markets were likely to freeze up without
central bank intervention, Daleep Singh, the head of the markets
group at the New York Federal Reserve, said on Wednesday.
most extreme levels of financial market volatility since the
2008 crisis and credit markets were likely to freeze up without
central bank intervention, Daleep Singh, the head of the markets
group at the New York Federal Reserve, said on Wednesday.
Posted by Reuters
