Treasury Secretary Steven Mnuchin and Jerome Powell, the Fed chair, projected optimism about the economy on Tuesday. But Powell told lawmakers that gains were predicated on jobless benefits and stimulus checks — economic support that has largely run out.
"The downturn has not fallen equally on all Americans." chair powell'>Fed Chair Powell said the U.S. economy has a long way to go before fully recovering from the coronavirus pandemic and will need further support
"The path ahead continues to be highly uncertain." Federal Reserve Chair Jerome Powell and Treasury Secretary Steven Mnuchin told lawmakers today that Congress needs to act on coronavirus aid. @JessiTurnure reports from our #NexstarDC bureau:
Evans’s comments pointed to questions left unresolved by the guidance Fed Chair Jerome Powell and his colleagues issued last week at the conclusion of their latest policy meeting.
Bullard’s view contrasts with Fed Chair Jerome Powell, who has urged additional fiscal aid and sometimes put the message in dire terms, as well as other Fed officials
Federal Reserve Chair Jerome Powell came under fire by Democratic lawmakers on his response to the pandemic to help local governments struggling with serious fiscal challenges related to the public health crisis.
Wow. chair powell'>Fed Chair Powell just said: "Almost 40% of those in households making less than $40,000 a year lost a job in March." This is according to a Fed survey coming out tomorrow. It measures the pain among people who were working in January & February.
The coronavirus bill didn’t do enough to stop corporate bailouts, but Treasury Sec. Mnuchin & chair powell'>Fed Chair Powell have vast power to decide how to hand out this money. I sent a detailed list of principles that would protect workers & root out corruption.
in explaining rate cuts, chair powell'>Fed Chair Powell cites weak manufacturing and business investment data these are things Trump and Republican lawmakers said the 2017 tax-cut was going to jump-start
Big banks are required to take annual stress tests to make sure they aren’t at risk of crashing our economy again. Today, I asked Chair Powell why the Fed looked the other way when 3 banks failed the test: