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Chair Jerome Powell's written Congressional.....>

FED
FED: Chair Jerome Powell's written Congressional testimony for tomorrow's
hearing at 12:30pm ET is released. Not much news. Highlights: 
* Powell writes that the economic bounceback is welcome, but it "also presents
new challenges-notably, the need to keep the virus in check." 
* "A full recovery is unlikely until people are confident that it is safe to
reengage in a broad range of activities," he says. 
* Powell says about Treasury/MBS buys: "We will closely monitor developments and
are prepared to adjust our plans as appropriate to support our goals."
MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com
MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com

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