Powell Says Fed Is Carefully Monitoring Situation Around Virus

The video addresses the significant human suffering caused by the virus and the potential disruptions to activities in China and globally. It highlights the uncertainty surrounding the virus's spread and its macroeconomic effects. The speaker emphasizes careful monitoring of the situation and discusses the framework for assessing potential ramifications for the US economy and the achievement of their dual mandate.

What significant human suffering is mentioned in relation to the virus?

What are the potential disruptions mentioned that could occur due to the virus?

How is the situation regarding the virus described in terms of its progression?

What are the macroeconomic effects that are uncertain due to the virus?

What is the framework mentioned for monitoring the situation?