Though the coronavirus had just taken hold when the Fed met in January, officials already expressed concern about its economic impacts.
Federal Reserve Chair Jerome Powell arrives for a news conference following the Federal Open Market Committee meeting in Washington, December 11, 2019.Though the coronavirus had just taken hold when the Federal Reserve met in January, officials already expressed concern about its potential economic impacts.
Central bank policymakers said, for instance, that if the virus spread it could hit what appeared to be an improving growth picture in China. Officials also cited the potential impact on stocks, though the market has been performing well. Negative headlines about the virus have caused some volatility.
Officials also commented in the impact the disease had on Chinese currency, which had been appreciating but tailed off as the news cycle intensified.
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