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Fed outlook turns gloomier as coronavirus spreads – Fox Business

Officials have warned this month in speeches and interviews that the economy faces a deeper downturn and more difficult recovery if the country doesn’t take more effective action to slow the spread of infection.

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Federal Reserve officials meet Tuesday and Wednesday facing growing doubts about the prospect for a sustained economic rebound due to the nation’s uneven public-health response to the coronavirus.
Officials have warned this month in speeches and interviews that the economy faces a deeper downturn and more difficult recovery if the country doesn’t take more effective action to slow the spread of infection.
FED’S POWELL SAYS US ECONOMY MAY NEED MORE POLICY HELP TO AVOID ‘PROLONGED’ RECESSION
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