He made such a statement following a meeting of the Federal Committee for Open Market Operations. Powell quotes TASS.
As the head of the Fed said, in the United States the volume of investments and exports “remains low”, and over the past year, the volume of production in the manufacturing industry also decreased.
He added that "uncertainties remain regarding the prospects (US economic development. - RT ), including those associated with the new coronavirus."
“In general, given the monetary and financial situation, we expect continued moderate economic growth,” Powell said.
On January 30, a committee of the World Health Organization will hold a meeting at which it will be decided whether to declare a state of emergency in the world in connection with the spread of the 2019-nCoV coronavirus in China.
WHO will also send international experts to China to help combat the spread of a new type of coronavirus.
According to the latest official data, only in China the number of infected reached 5974, and 132 people died from the virus.