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Fed Officials Say Watching Virus Fallout, Willing to Do More

  • St. Louis Fed chief says Fed flexible, can meet at any time
  • Chicago Fed president says Fed will respond appropriately
James Bullard
James BullardPhotographer: Luke MacGregor/Bloomberg
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The U.S. central bank is willing to act again if needed to shelter the U.S. economy from the impact of the spreading coronavirus, Federal Reserve officials said Friday.

“We correctly positioned the policy rate given what we knew,” Saint Louis Fed President James Bullard said in an interview Friday morning on Bloomberg Television, referring to the Fed’s emergency 50 basis point cut on Tuesday. “Everything is on the table. We are willing to do more. But we are monitoring the situation. We can meet at any time.”