Fed Outlook Turns Gloomier as Coronavirus Spreads

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Fed Outlook Turns Gloomier as Coronavirus Spreads
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Federal Reserve officials will meet this week amid growing doubts about a sustained economic rebound due to the uneven coronavirus public-health response

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.

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