Coronavirus Fears Reverberate Across Global Economy
As the stock market dropped again on Friday, Jerome H. Powell, chair of the Federal Reserve, issued a short statement affirming that the central bank would use its tools and“ act as appropriate to support the economy.” After the Fed’ s statement, the S&P 500 pared some of its losses, closing the day down 0.8 percent, though the index remained down 11.5 percent for the week.
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