Watch Fed Chairman Jerome Powell discuss the emergency rate cut on coronavirus threat

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Federal Reserve Chairman Jerome Powell is holding a news conference following the surprise rate cut on Tuesday.

The briefing is set to begin at 11:00 a.m. ET. The Fed announced an emergency rate cut of half a percentage point in response to the growing economic threat from the coronavirus.

The move from the Federal Open Market Committee was the first such cut since the financial crisis.

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Source: https://www.cnbc.com/2020/03/03/watch-fed-chair-powell-discuss-the-emergency-rate-cut.html

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