Fed's Evans: Fed was very well positioned but felt rate reduction would help boost confidence

FED'S EVANS SAYS HE THOUGHT FED WAS VERY WELL POSITIONED BUT FELT RATE REDUCTION WOULD HELP BOOST CONFIDENCE GIVEN RISING RISKS, POSSIBLE ECONOMIC WEAKENING.
FED'S EVANS: EXPECTATION IS THAT CORONAVIRUS WILL HAVE A "SHORT-LIVED IMPRINT" ON U.S.
FED'S EVANS SAYS HE EXPECTS PERHAPS A QUARTER OR HALF-YEAR OF SLOWING GROWTH, WITH A 'V-SHAPED' REBOUND.

More to come...