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Powell: Fed Remains Committed To Do What It Can For As Long As It Takes

FED
  • "We remain committed to using our tools to do what we can, for as long as it takes, to ensure that the recovery will be as strong as possible, and to limit lasting damage to the economy," Powell writes in testimony for a hearing before Congress on Tuesday. The Fed chief is testifying Tuesday, Wednesday, and Thursday of this week before separate committees.
  • "A full recovery is likely to come only when people are confident that it is safe to reengage in a broad range of activities. The path forward will depend on keeping the virus under control, and on policy actions taken at all levels of government," Powell writes.
  • See Powell's full testimony here.
MNI Washington Bureau | +1 202-371-2121 | evan.ryser@marketnews.com
MNI Washington Bureau | +1 202-371-2121 | evan.ryser@marketnews.com

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