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Powell says more policy help may be needed to pull the US out of economic downturn

https://www.cnbc.com/2020/05/13/feds-powell-says-more-policy-help-may-be-needed-to-pull-the-us-out-of-economic-downturn.html

  • Fed Chairman Jerome Powell said more measures likely will be needed to pull the economy out of its current downturn.
  • He did not specify what those measures will be, but pointed to the likely need for more fiscal support from Congress.
  • “While the economic response has been both timely and appropriately large, it may not be the final chapter,” the central bank chief said in prepared remarks.
Jerome Powell

https://www.federalreserve.gov/

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