Fed’s Powell Says Support for Economy Needed for ‘Some Time’
"The economy is a long way from our employment and inflation goals."
Tag: Jerome Powell
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…
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."
US Congressional Hearing Likely To Spotlight Powell, Mnuchin Split Over Pandemic Lending
Congress itself has been deadlocked over how much more to do.
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."
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.
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."
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."
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.
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.
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."
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…
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.
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."
Mnuchin Says There Is a ‘Strong Likelihood’ Extra Coronavirus Relief Funds Will Be Needed
"We're going to carefully review the next few weeks."
Fed Chair: The Economy May Not ‘Fully Recover’ Until a Coronavirus Vaccine Is Developed
"You wouldn't want to bet against the American economy."
Powell in Support of More Coronavirus Relief Bill to Save the US Economy
Powell is urging lawmakers to work together to salvage the economy.
