CNBC's Eamonn Javers says White House not discussing stimulus
From CNBC's Eamonn Javers:
There is a WH National Economic Council meeting today on the economic impact of the coronavirus. But don't expect this to be about new stimulus ideas: WH aides are not developing new policy options - they believe the economy is sound now and are skeptical of short term stimulus.
It's a bit rich to be badgering the Fed to come to the rescue when you're not willing to move. Maybe we're overpricing the chance of cuts?
I don't think reports like this are helping equity market sentiment.
