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Powell Says The Fed Is Closely Monitoring The Coronavirus Outbreak

RTTNews Tuesday, 11 February 2020
Federal Reserve Chairman Jerome Powell said the central bank is closely monitoring the emergence of the coronavirus in testimony before the House Financial Services Committee on Tuesday. Powell noted in prepared remarks that some of the uncertainties around trade have diminished following the signing of the phase one U.S.-China trade deal but cautioned risks to the outlook remain.
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Credit: The Street - Published
News video: Powell: It’s Too Early To Determine Coronavirus Impact on U.S. Economy

Powell: It’s Too Early To Determine Coronavirus Impact on U.S. Economy 00:54

Federal Reserve Chair Jerome H. Powell said on Tuesday that he is closely monitoring the coronavirus, but it's "too early to say" what the virus' impact will be on the U.S. economy.

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