The coronavirus outbreak will 'very likely' affect the US economy, Fed warns
A deadly viral outbreak in China is poised to affect the US economy, but it's too soon to estimate to what extent, Federal Reserve Chairman Jay Powell warned Tuesday.
Powell emphasized that the US economy was in a solid place and that the central bank was comfortable with the current Fed policy rate of between 1.5% and 1.75%. But he added that the central bank would closely monitor the economic risks from the coronavirus, which has"We know that there will be some — very likely be some effects on the United States," he said."I think it's just too early to say, we have to resist the temptation to speculate on this.
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