President Trump told Americans on Sunday that “there’s no need to hoard” supplies, amid concerns of potential food or supply shortages as more states and cities announced restrictions to contain the coronavirus.

The president said during a White House briefing after speaking with heads of food suppliers: “You don’t have to buy so much, take it easy, just relax.”

Trump added: “We’re doing great, it all will pass.”

Trump assured Americans that grocers would remain open and that the supply chain remained healthy. Vice President Mike Pence urged Americans to buy only the groceries they needed for the week ahead.

The Federal Reserve took emergency action Sunday to help the economy withstand the coronavirus by slashing its benchmark interest rate to near zero and saying it would buy $700 billion in Treasury and mortgage bonds. The Fed’s…