Fed's Powell says virus to dictate when U.S. economy reopens
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WASHINGTON (Reuters) - U.S. Federal Reserve Chair Jerome Powell told Americans on Thursday progress in controlling the spread of the coronavirus would determine when the economy reopens but assured them the Fed was taking every action to support a vigorous rebound when it comes.In a rare network television interview on NBC's Today Show, Powell said the United States 'may well be in recession' but that confidence would return once the virus was under control.Powell spoke just about an hour before..