Fed

This crisis is finally being treated seriously by both the federal government and the private sector, but what impacts everyone equally are the decisions the Federal Reserve makes during this time, which will affect our country long term for years to come.

The minutes -- from the FOMC's January 28-29 meeting -- were seen as supportive of loose monetary policy. Stocks and futures rallied as a result.   Several Fed policymakers provided commentary on the Coronavirus outbreak that -- at the time -- was mostly contained to mainland China. Fed President Patrick Harker stated, "if the situation gets significantly worse, and we start to see a significant impact on the U.S. economy, then we'd have to think about accommodation." Fed Chair Jerome Powell said that the Fed would act "as appropriate."