Breaking: Powell says more policy help may be needed to pull the US out of economic downturn

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  • Fed Chairman Jerome Powell said more measures likely will be necessary to pull the current economy out of its COVID-19 downturn.
  • Powell avoided specifying what those measures will be, but pointed to the likely need for more fiscal support from Congress in the near future.
  • “While the economic response has been both timely and appropriately large, it may not be the final chapter,” the central bank chief said in prepared remarks.

Source: CNBC

 

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