Fed Ready to Cut Rates Despite Doubt They Can Offset Virus
Jerome Powell, chairman of the U.S. Federal Reserve, listens during a House Financial Services Committee hearing in Washington, D.C., U.S. (Photographer: Andrew Harrer/Bloomberg)

Fed Ready to Cut Rates Despite Doubt They Can Offset Virus

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(Bloomberg) -- The Federal Reserve is now prepared to reduce interest rates this month even though it recognizes monetary policy cannot completely shelter a U.S. economy increasingly threatened by ...