Economist Stephen Moore: ‘It’s been a miserable day for the Dow’

“The problem is not the virus, it’s the fear of the virus,” says Stephen Moore.

The Annie Frey Show
March 16, 2020 - 1:57 pm
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(KFTK) – The Chief Economist at Heritage said this is a very scary situation and new charted territory for the majority of the US.

“The problem is not the virus, it’s the fear of the virus,” he said on the panic surrounding this virus.

We can’t get the economy moving again until we get people realizing this isn’t the bubonic plague, he said.

We keep hearing that we need to flatten out the curve, but how can we do that when we keep seeing new cases of it?

“The FED is behind the curve and should have done this weeks ago,” he said.

Moore reminded us that we need to be prudent and do things that are harmful to the economy. That is why he is fully behind the payroll tax cut.

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