The Sydney market got some encouragement from Federal Reserve Chairman Jerome Powell. In remarks to Congress on Tuesday, Federal Reserve Chairman Jerome Powell, while positive about the American economic outlook, said the central bank is keeping a close eye on fallout from the epidemic, which continues to disrupt travel and trade and global economic growth. Investors have attributed the bullish trading in stocks to hopes that the Fed would ease policy if a global economic shock from the coronavirus made its way to U.S. shores.
