“The coronavirus poses evolving risks to economic activity,” says Fed Chair Jay Powell in a statement posted on the central bank’s website. “We will use our tools and act as appropriate to support the economy.”
Stocks are bouncing off session lows, the S&P 500 now down 1.55% and Nasdaq 0.9%.
https://seekingalpha.com/news/3547158-powell-attempts-friday-afternoon-stick-save
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