Fed will continue to act 'forcefully, proactively and aggressively,' Powell says
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WASHINGTON/SAN FRANCISCO (Reuters) - The Federal Reserve will continue to use all the tools at its disposal until the U.S. economy begins to fully rebound from the harm caused by the novel coronavirus outbreak, Fed Chair Jerome Powell said on Thursday, even as he acknowledged the limits of the central bank's powers. "Many of the programs we are undertaking to support the flow of credit rely on emergency lending powers ... We will continue to use these powers forcefully, proactively, and..