CNBC Video: Economist Says Federal Reserve Acted Properly In Cutting Rates

Brookings Institution Donald Kohn, a former vice chairman of the Federal Reserve, said on CNBC today that the Fed did the right thing by cutting interest rates this week.

In the face of challenges posed by the coronavirus, Kohn said it is better for the Fed to be proactive – rather than waiting to react if the economy grows worse.

Fed made ‘right choice’ on cutting rates, says ex-Fed vice chair from CNBC.