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Powell Reaffirms That Economy is a Long Way Off

FED

Q: What is the risk we come out of this with lower productivity, slower growth, etc? If this is a risk, what is stopping the Fed from having more explicit dialog with Congress about the types of support necessary to avoid this?

- A: Don't know how we could be much more vocal about this than we have been [on this topic]... "the economic recovery has exceeded certainly the downside cases that we were very concerned about., and even exceeded sort of the baseline expectations so far... we are a long way from our goals. "

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