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MNI POLICY: Fed To Use Tools, Act As Appropriate Amid Virus

(MNI) WASHINGTON
     WASHINGTON (MNI) - The Federal Reserve on Friday released the following
statement from 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."
--MNI Washington Bureau; +1 202-371-2121; email: jean.yung@marketnews.com
[TOPICS: MMUFE$,M$U$$$]
MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com

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