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Fed warns resurgence of virus threatens economic recovery

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Fed warns resurgence of virus threatens economic recovery

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Jay Powell, Federal Reserve chairman, made no significant changes to monetary policy but pledged to do more to support the recovery if necessary © AFP via Getty Images

The Federal Reserve has warned that the fate of the world’s largest economy would “depend significantly on the course of the virus” as the US central bank extended measures to deal with the risk of an international shortage of dollars.

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