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they were next scheduled to meet march 17, so essentially coming out today and saying we will use the tools we had to keep monitoring the situation. comes at a day the g7 finance ministers all got on a call and talk about what to do about the coronavirus. is that a coincidence or is there some connection? the financetially ministers, led by steven mnuchin because the u.s. is the host country for the g7 meeting, had a policy morning to talk about the coronavirus and the effect on the economy. only hours later we saw the fed said they were going two. , he wasy as powell said going to talk to central bankers around the world. we think this will put more pressure on other central banks to potentially make a move. there was some talk in the markets about how whether or not the banks will make a coordinated move. the banks will move first. we will talk about what happens next with the boe, the bank of canada, etc.. guy: did jay powell explain why this move will address this problem
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