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Powell to Congress: More Stimulus Needed

FED

*Fed officials generally shy away from offering fiscal advice, but this time really is different.

*Fed Chair Powell tells Congress he thinks more fiscal stimulus will be needed.

*Powell downplays concerns about a lack of take up in the Fed's Main Street Lending facility, saying most small businesses are able to access credit.

MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com
MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com

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