Fed Playbook May Not Be Effective Against Virus Shock, Pimco's Wilding Says

The video features a discussion with PIMCO's chief US economist on the current state of bond markets and the Federal Reserve's actions in response to economic shocks. It highlights the challenges faced by central banks and governments in addressing market disruptions caused by the pandemic. The conversation also covers the uncertainty in financial markets and the potential for global recessions, emphasizing the need for targeted policies to maintain market stability.

What factors contribute to the uncertainty surrounding the economic impact of the virus?

What actions did the Federal Reserve take in response to the unfolding economic situation, and what are the expectations for future rate cuts?