Federal Reserve Chairman Jerome Powell on Thursday said the US central bank will continue to "aggressively" pump liquidity into the economy to weather the impact of the coronavirus pandemic.
He acknowledged that the economy will see a sharp downturn but the Fed aims to ensure recovery by providing credit to businesses and households, and "we will keep doing that aggressively."
But "if we get the virus spread under control, fairly quickly then economic activity can resume, and we want to make that rebound as vigorous as possible."
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