The outbreak of the coronavirus, which has now killed more than 1,000 people, has added uncertainty to the global outlook -- and the US economy -- as companies have shuttered plants and shifted supply chains to contain spread of the infectious disease.
Washington Federal Reserve chairman Jerome Powell on Tuesday warned Congress that the coronavirus could hurt the global economy.
"We are closely monitoring the emergence of the coronavirus, which could lead to disruptions in China that spill over to the rest of the global economy," Powell said in his prepared testimony before the House Financial Services Committee, where he is set to deliver his semiannual report to Congress. He will testify again before the Senate Banking Committee at 10:00 am ET on Wednesday.
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