Federal Reserve Chairman Jerome Powell said that the U.S. economic recovery still needs support, despite messaging from the central bank last week that it could pare back its easy money policies sooner than expected.
“We have a long way to go,” Powell told the House Select Subcommittee on the Coronavirus Crisis on Tuesday.
The Fed chief committed the central bank to doing “everything we can to support the economy for as long as it takes.” Powell highlighted that the labor market is…
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