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Federal Reserve Chair Jerome Powell walks pasts a reporter a the end of news conference, Tuesday, March 3, 2020, where he discussed an announcement from the Federal Open Market Committee, in Washington. In a surprise move, the Federal Reserve cut its benchmark interest rate by a sizable half-percentage point in an effort to support the economy in the face of the spreading coronavirus. Chairman Jerome Powell noted that the coronavirus "poses evolving risks to economic activity." (AP Photo/Jacquelyn Martin)

Federal Reserve Chair Jerome Powell walks pasts a reporter a the end of news conference, Tuesday, March 3, 2020, where he discussed an announcement from the Federal Open Market Committee, in Washington. In a surprise move, the Federal Reserve cut its benchmark interest rate by a sizable half-percentage point in an effort to support the economy in the face of the spreading coronavirus. Chairman Jerome Powell noted that the coronavirus "poses evolving risks to economic ac…

March 26, 2020

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Fed chair Powell says will provide nearly unlimited lending
March 26, 2020 9:51 a.m.

Fed chair Powell says will provide nearly unlimited lending

WASHINGTON (AP) — Jerome Powell says the Federal Reserve would provide essentially unlimited lending to support the economy as long as it is damaged by the viral outbreak.