The Fed: Powell holds press conference as central bank strains to support economy, markets damaged by coronavirus: Live Blog

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After two months of extraordinary action in response to the coronavirus pandemic, Federal Reserve officials met via webconference over the last two days to get a progress report and will release their conclusions publicly later Wednesday afternoon.

Follow along with MarketWatch’s live updates as the central bank releases a policy statement at 2 p.m. and Fed Chairman Jerome Powell talks with reporters 30 minutes later.

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