Federal Reserve Chairman Jerome Powell on Tuesday reiterated his belief that the U.S. economy needs more fiscal support even though the recovery from the “natural disaster” of the coronavirus pandemic so far has been strong .
In a speech to the National Association for Business Economics, Powell argued it was better for Congress to provide too much fiscal support than the reverse.
“Too little support would lead to a weak recovery, creating unnecessary hardship for households and businesses,” Powell said.
This would lead more businesses to declare…
Source marketwatch.com