Powell asked about Fed's policies that need.....>

FED: Powell asked about Fed's policies that need to be undertaken to meet the

unemployment mandate.

- A: Says unemp likely to peak over next month or so, may fall but stay above

pre-virus level. May take time to get back to very low unemployment and low

inflation. Main thing to do is get on the road to recovery and stay on it.

- On fiscal policy: Congress has moved quickly with its fiscal response. Not our

role to supervise Congress, it's the other way around. We will eventually have

to return to a sustainable fiscal path, not the time now to prioritize these

considerations. Can get back to them quickly in a few years when economy is well

and truly recovered/recovering.

- Growing sense recovery may come more slowly than we would like. May mean Fed

has to do more.