Federal Reserve Will ‘Act as Appropriate to Support Economy’

Fed Chairman Jerome Powell signals central bank is prepared to cut interest rates if needed

As the coronavirus threatens to spread across the U.S.federal health authorities expand the criteria for whom should be tested streamline test-kit approvals. Photo: Jeenah Moon/Bloomberg

Federal Reserve Chairman Jerome Powell signaled Friday the central bank was prepared to cut interest rates to cushion the economy against the effects of a widening global slowdown and potential health emergency due to the spreading coronavirus

Federal Reserve Chairman Jerome Powell signaled Friday the central bank was prepared to cut interest rates to cushion the economy against the effects of a widening global slowdown and potential health emergency due to the spreading coronavirus.

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