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Powell says Fed will use its tools and act as appropriate to support economy
POWELL SAYS FED WILL USE ITS TOOLS AND ACT AS APPROPRIATE TO SUPPORT THE ECONOMY
— FxMacro (@fxmacro) February 28, 2020
Added at 1:32pm
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Statement from Federal Reserve Chair Jerome H. Powell
The fundamentals of the U.S. economy remain strong. However, the coronavirus poses evolving risks to economic activity. The Federal Reserve is closely monitoring developments and their implications for the economic outlook. We will use our tools and act as appropriate to support the economy.
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