Fed ’closely monitoring’ coronavirus, says Powell

Fed ’closely monitoring’ coronavirus, says Powell

Fed Chairman Jerome Powell pledged Friday that the Fed will ’use our tools’ to support the economy against any threat from the coronavirus. The statement said the Fed will ’act as appropriate to support the economy’. Powell highlighted that the fundamentals of the US economy ’remain strong’, adding that ’the coronavirus poses evolving risks to economic activity’.

Kathy
Kathy
nick
nick 2 months

So even lower interest rates and less returns for anybody saving money. Watering downs the value of the dollar, got it.

Andrew 1010
Andrew 1010 2 months

Well shit your devaluing the dollar. Why are you catering so much to Wall St. it's their stupid faults for panicking like a bunch of dumbasses and doing sell offs.

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