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Powell: Fiscal Stall Presents Downside Risk To Economy

FED
  • Chair Powell tells lawmakers there is downside risk to the economy if some form of support to households doesn't continue.
  • "There is a time coming when we're going to need to get back on a sustainable fiscal path, but I wouldn't prioritize that in the very near-term, while we're in the middle of the pandemic," Powell told the Senate Banking Committee.
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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