In a Feb. 28 statement, Powell said the Fed will “act as appropriate” in the face of risks posed by the epidemic, although he said the economy remains in good shape overall.
“The fundamentals of the U.S. economy remain strong,” Powell said. “However, the coronavirus poses evolving risks to economic activity. The Federal Reserve is closely monitoring developments and their implications for the economic outlook. We will use our tools and act as appropriate to support the economy.”
https://www.theepochtimes.com/fed-signals-possible-rate-cut-to-counteract-coronavirus-fallout_3256069.html
Hope he means the economic well-being of the USA, not just economic interests of his big bank/big money cohorts. We do not want another 2008-2009 situation where the FED decided to double US debt and require taxes on ordinary citizens forever in order to sustain the salaries and bonuses of big finance execs.