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Chair Powell's testimony before the Senate......>

FED
FED: Chair Powell's testimony before the Senate continues.
* Asked about whether the Fed is monetizing the debt. Powell says,"that is
certainly not our intention." Powell talks about the huge increase in purchases
of Treasuries in March and says: "It wasn't in any way about meeting Treasury's
supply, and we really don't think about that...It was about market function." 

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