By Lewis Krauskopf
NEW YORK (Reuters) – A massive rollout of easing measures by the Federal Reserve served to deepen some investors’ anxiety over how effectively policymakers will be able to mitigate the economic damage from a spreading coronavirus pandemic.
To many, the Fed’s dramatic actions brought home the severity of the situation the U.S. finds itself in as it is confronted by an accelerating epidemic that threatens to tip the world’s biggest economy into recession.
Others said that with financial markets in turmoil and the economy slowing, the virus’ broadening impact on activity cannot be solved by monetary policy alone.
“This is an indication that the central bank is very scared about the environment we’re in,” said Michael O’Rourke, chief market strategist at JonesTrading in Stamford, Connecticut. “The policy response is so strong, it’s likely to spook investors.”
Stock futures plunged to their daily limit on Sunday…
