U.S. TREASURY CHIEF SEES SHORT-TERM ECONOMIC HIT FROM CORONAVIRUS

WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin on Friday said he expected the U.S. economic hit from the coronavirus outbreak to be short-term, and that the Trump administration was keeping its options open for any other future steps that may be needed.

Mnuchin told CNBC the U.S. Treasury and the Federal Reserve were working to keep markets open and to shore up liquidity, helping banks as needed and seeking a significant increase for small business lending.

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