Powell Q&A begins: - Q: What more can you do....>

FED: Powell Q&A begins:

- Q: What more can you do to help the economy, where should Congress step in?

A: We are committed to using our full range of tools, will use them forcefully,

proactively and aggressively until we are confident we are on the road to

recovery. Our credit policies are not subject to a specific dollar limit, they

can be expanded and we can do new ones. We can be part of the answer. Congress

has acted quite aggressively but the economy may need more support from all of

us for a robust recovery.

- Q: What should elected officials do? What policy tools did you discuss today

that might be used to stop a deflationary spiral?

A: Policies that protect workers/businesses etc avoiding insolvency etc, would

help reduce long-term damage. As far as what we can do, have mentioned our

credit facilities are wide open. Have had extensive discussions about what mon

pol might look like in coming months in different scenarios. Policy stance today

is right for where it should be for now. We will continue to use our tools as

need be.