Powell Opens Door to Rate Cut on ‘Evolving’ Risks From Virus
Jerome Powell, chairman of the U.S. Federal Reserve, listens during a House Financial Services Committee hearing in Washington, D.C., U.S. (Photographer: Andrew Harrer/Bloomberg)

Powell Opens Door to Rate Cut on ‘Evolving’ Risks From Virus

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(Bloomberg) -- Federal Reserve Chairman Jerome Powell said the coronavirus “poses evolving risks” to the U.S. economy and signaled the central bank is prepared to cut interest rates if necessary to...
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