Powell's opening statement continues

Notes new challenges - COVID-19 cases have increased sharply in many parts
of the country since mid-June. A new phase in containing the virus which is
essential to protect health/economy.

The path forward "extraordinarily uncertain" and will depend on success in
containing virus. Have seen in recent weeks that new measures to control it
are weighing on economic activity, e.g. consumer spending based on credit
card spending since June, job growth slowing. Full recovery unlikely until
people confident.

Will depend on actions at all levels of gov't to provide relief/support "for as
long as needed".

Then usual statements from previous pressers of what the Fed has been doing,
holding rates near zero, buying securities, ensuring flow of credit, etc.