Trump Officials Discuss Tax Cuts, Other Emergency Measures in the Face of the Coronavirus

Trump administration officials are holding preliminary conversations about economic responses to the coronavirus, reports The Washington Post.

Among the options being considered are pursuing a targeted tax cut package, these people said, according to The Post. They have also discussed whether the White House should lean even harder on the Federal Reserve to cut interest rates, though the central bank on Friday afternoon said it would step in if necessary.

I have already explained in the EPJ Daily Alert that these would be highly price inflationary measures.

-RW