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Fed's Powell Says Rising Coronavirus Cases Pose Threat to Economy

Federal Reserve Chairman Jerome Powell said the increased spread of the coronavirus posed an important risk to the economy in the months ahead and said it was too soon to say how a potential vaccine would change the outlook.
“With the virus now spreading at a fast rate, the next few months may be very challenging,” Mr. Powell said during a virtual question-and-answer session Tuesday. “We’ve got a long way to go.”
While…
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