Statement from Federal Reserve Chair Jerome H. Powell

The following press release was published by the Board of Governors of the Federal Reserve System on Feb. 28, 2020. It is reproduced in full below.

The fundamentals of the U.S. economy remain strong. However, the coronavirus poses evolving risks to economic activity. The Federal Reserve is closely monitoring developments and their implications for the economic outlook. We will use our tools and act as appropriate to support the economy.

For media inquiries, call 202-452-2955.

Source: Board of Governors of the Federal Reserve System