Jerome Powell will likely face questions about the Federal Reserve’s plans to slow its asset purchases as well as potential fallout from a deadly virus when he faces reporters after a policy meeting Wednesday. The Fed is all but certain to keep interest rates steady following December forecasts that showed no change in 2020, and is expected to reinforce the signal that policy is on hold. Officials could tweak a secondary rate, known as the interest on excess reserves, in a technical move. The Federal Open Market Committee will announce its decision in a policy statement at 2 p.m. in Washington and the chairman will ... (full story)