This is stated in a statement by Powell on the Fed website.
“The fundamental foundations of the American economy remain solid. However, coronavirus poses a growing risk to economic activity. The Federal Reserve System is closely monitoring developments and their consequences for economic prospects. We will use our tools and act accordingly to support the economy, ”the report says.
Earlier, Pavel Gribov, associate professor at the Department of Economic Security at the RANEPA, in an interview with the FBA “Economics Today,” estimated the consequences of the situation with coronavirus for the global economy.