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US Federal Reserve: coronavirus poses evolving risks to economic activity

WASHINGTON, Feb 28 (KUNA) -- US Federal Reserve Chairman Jerome H. Powell said Friday that they "will use our tools and act as appropriate to support the economy", in response to developments and the rapid spread of Coronavirus.
In a statement, Powell said "the fundamentals of the US 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," the statement added. (end) rsr.mb