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    Tag: Jerome Powell

    Fed’s Powell Says Support for Economy Needed for ‘Some Time’

    "The economy is a long way from our employment and inflation goals."
    Reuters February 23, 2021
    1 Comment

    Mnuchin, Powell Hone in on Need To Aid US Small Businesses

    "These businesses cannot wait two or three months," Treasury Secretary Steven Mnuchin said during a hearing before the Senate Banking Committee, urgin…
    Reuters December 1, 2020

    Warren Claims Biden Can Eliminate Billions in Student Loan Debt ‘All on His Own’

    She argued that canceling federal student loan debt is the "single most effective stimulus that is available through executive action."
    Bradley Cortright December 1, 2020

    US Congressional Hearing Likely To Spotlight Powell, Mnuchin Split Over Pandemic Lending

    Congress itself has been deadlocked over how much more to do.
    Reuters December 1, 2020

    Powell: ‘Challenging’ Months Until Vaccine Clears Production, Distribution Hurdles

    "It remains difficult to assess the timing and scope of the economic implications of these developments with any degree of confidence."
    Reuters November 30, 2020

    Fed’s Powell, Mnuchin See Promise in Reallocating Unused Aid

    About $200 billion in money allocated to the Treasury to backstop U.S. central bank loans remains uncommitted, Powell and Mnuchin said in a hearing.
    Reuters September 24, 2020

    Powell, Mnuchin Mull Best Way To Boost Aid To Small Businesses

    "Trying to underwrite the credit of hundreds of thousands of small businesses would be very difficult."
    Reuters September 22, 2020

    Fed’s Powell Sees a Long Road To ‘Maximum Employment’

    "We would like to get back to a strong labor market where wages are moving up."
    Reuters September 17, 2020
    1 Comment

    With New Monetary Policy Approach, Fed Lays Phillips Curve To Rest

    The expectations were based on a rule that has shaped decades of monetary policy decisions.
    Reuters August 28, 2020
    1 Comment

    Powell Stresses Importance of How COVID-19 Safety Measures Can Help the US Economy

    Powell outlined a number of reasons why public health will be a key factor in saving the economy.
    Meaghan Ellis July 30, 2020

    Fed Chief Says Coronavirus Surge Slowing US Economic Recovery

    "It looks like the data are pointing to a slowing in the pace of the recovery."
    Reuters July 29, 2020

    Powell, Mnuchin Enter the Lion’s Den Again to Discuss Pandemic Response

    "The path forward will also depend on the policy actions taken at all levels of government to provide relief and to support the recovery for as long a…
    Reuters June 30, 2020
    1 Comment

    Fed’s Powell: Full Economic Recovery Is ‘Unlikely’ Until the Public Is Confident COVID-19 Is ‘Contained’

    Powell explained the number of factors that contribute to the uncertainty surrounding economic recovery.
    Meaghan Ellis June 16, 2020
    3 Comments

    Fed Vows to Support US Economy’s ‘Long Road’ to Recovery After Dire 2020

    "We can use our tools to support the labor market and the economy and we can use them until we fully recover."
    Reuters June 10, 2020
    1 Comment

    Mnuchin Says There Is a ‘Strong Likelihood’ Extra Coronavirus Relief Funds Will Be Needed

    "We're going to carefully review the next few weeks."
    Bradley Cortright May 21, 2020
    2 Comments

    Fed Chair: The Economy May Not ‘Fully Recover’ Until a Coronavirus Vaccine Is Developed

    "You wouldn't want to bet against the American economy."
    Bradley Cortright May 18, 2020
    11 Comments

    Powell in Support of More Coronavirus Relief Bill to Save the US Economy

    Powell is urging lawmakers to work together to salvage the economy.
    Meaghan Ellis May 13, 2020
    13 Comments

    Fed’s Powell Says Virus to Dictate When U.S. Economy Reopens

    "We are not experts in pandemic..."
    Reuters March 26, 2020

    Jerome Powell: The Fed is Prepared to Spend Unprecedented Amount Amid Coronavirus Crisis

    "We certainly are."
    Savannah Rychcik March 26, 2020
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