'We're always going to make our decisions in the interests of the American people,' Fed Chair Jerome Powell says when asked about Pres. Trump's tweets on the Federal Reserve. 'We're never going to consider any political considerations whatsoever.'
World finance leaders from the Group of 7 nations also held a call Tuesday led by Federal Reserve Chair Jerome Powell and U.S. Treasury Secretary Steven Mnuchin. They issued a rare joint statement saying they"are ready to take actions" and will"use all appropriate tools" to support the global economy amid the outbreak of the novel coronavirus -- though they failed to outline any concrete steps they were taking to cushion the economic blow of the outbreak.
"Given the potential impacts of COVID-19 on global growth, we reaffirm our commitment to use all appropriate policy tools to achieve strong, sustainable growth and safeguard against downside risks," the statement from G7 finance ministers and Central Bank Governors said.
The COVID-19 outbreak has also delivered a major blow to economic activity in China, the epicenter of the outbreak and the world's second largest economy.
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