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"Failure to take quick actions to suppress the virus could result in more severe economic outcomes as well as the unnecessary loss of life," said the Fed official.

"Each market has its own unique preferences when it comes to how local people want to express themselves through photos, videos and personal styles. The key to our success is to listen to our users and get to know their preferences," Fox said.

"Due to the weakening of the dollar, traders have opted to sell their dollar holdings recently, pushing up the yuan," said Xiao Lisheng, an economist at the Institute of World Economics and Politics of the Chinese Academy of Social Sciences.

"Fed monetary policy has largely become irrelevant as demand contracts at multiple levels linked to the twin shocks from supply-chain disruption and now the plunge in oil prices," Manish Shah, chief investment officer at Toolbooth Strategy, told China Daily. "Consumers will enjoy lower prices for a while, until the shale gas producers start going out of business and then the banks in Texas feel the pain."

"Ed Lee would prefer to remain a lawyer suing the city and win every lawsuit," said former Mayor Willie Brown. Lee served as city administrator under Brown.