Fed ‘closely monitoring’ coronavirus fallout, says Powell
The Fed’s latest monetary policy report describes the impact of the coronavirus outbreak as a ‘new risk’
11 February 2020 - 19:31
Washington — Federal Reserve chair Jerome Powell said on Tuesday the US central bank is keeping a close eye on fallout from the deadly coronavirus outbreak in China, singling it out among risks threatening the US and world economy.
“In particular, we are closely monitoring the emergence of the coronavirus, which could lead to disruptions in China that spill over to the rest of the global economy,” Powell said in remarks before US legislators on Tuesday...
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