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Powell pledges economic support as Congress debates

Wednesday, May 20, 2020   (0 Comments)
Posted by: Amanda Averch
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As lawmakers discuss whether to spend more money for coronavirus relief, Federal Reserve Chairman Jerome Powell has told the Senate banking committee the central bank is ready to use all tools to support the economy. The pace and the breadth of the downturn brought by the pandemic "are without modern precedent and are significantly worse than any recession since World War II," Powell said.

Full Story: BNN Bloomberg (Canada) (5/19)  

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