Fed officials have been cautious in characterizing the coronavirus as a game-changing threat because it is unclear how fast and how far it might spread. Fed officials are not alone in avoiding big declarations.

Fed officials have been cautious in characterizing the coronavirus as a game-changing threat because it is unclear how fast and how far it might spread. Fed officials are not alone in avoiding big declarations. https://t.co/XoxrgMjQqV

— NYT Business (@nytimesbusiness) February 25, 2020