Powell: Economy Looks Resilient Despite Risk of China Virus
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Powell: Economy Looks Resilient Despite Risk of China Virus
Federal Reserve Chairman Jerome Powell says the U.S. economy appears durable with steady growth and unemployment near a half-century low but faces risks from the broadening viral outbreak that began in China.
Coronavirus Global Cases Total Reaches 79,000 At least 77,150 cases have been confirmed in mainland China. The death toll has reached 2,620, with 27 of those occurring outside of China. The expansion..
Federal Reserve Chairman Jerome Powell was fairly upbeat about the U.S. economic outlook in his appearance before Congress, but cited a potential threat from the coronavirus outbreak as a reason for..
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.