The US Federal Reserve says the new coronavirus infection is a new risk to the US economy.

According to Bloomberg News, the Fed stated in its semiannual report to Congress that, "Because of the size of the Chinese economy, China's difficulties can spread to markets in the US and around the world through reduced risk appetite, appreciation of the US dollar, and trade decline." The impact of the new corona has emerged as a new risk to the economic outlook. ”

Fed Chairman Jerome Powell will attend the US House of Representatives and Senate on November 11-12 to explain the economic situation and monetary policy.

In the report, the Fed said the slowing expansion of the US economy slowed down last year due to sluggish manufacturing and weaker global growth, but with less key risks and less chance of a recession.

The Fed noted that the US job market and consumer spending remained strong, and that "the downside risks to the US economy seemed to weaken in the second half of last year." And eased financial conditions. ”

Based on the conclusions of the recession forecasting model, which includes bond market movements and other factors, the possibility of a recession in the next few years has declined significantly in recent months.

The Fed appears to have eased the risks associated with the US economic recovery, which has lasted for more than 10 years, citing three cuts in interest rates last year and the global decline in trade and manufacturing.