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Home / MLW News Roundup / Powell: Economy looks resilient despite risk of China virus

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 deadly virus in China. Giving the Fed's semiannual monetary report to Congress, Powell said Tuesday the Fed is content with where interest rates are, suggesting that no further rate cuts are ...

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