Powell signals Fed is open to rate cut as coronavirus raises economic concerns

Federal Reserve Chairman Jay Powell sought to reassure businesses and investors Friday afternoon.
As concerns about the coronavirus continued to escalate, Powell said the fundamentals of the US economy remained strong.
But he signaled that the central bank would step in if necessary.Visit the Business Insider homepage for more stories.
Federal Reserve Chairman Jay Powell sought to reassure businesses and investors Friday afternoon as concerns about the coronavirus continued to escalate.
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