Top Stories

Powell says U.S. economy needs more fiscal support

0


Federal Reserve Chairman Jerome Powell

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

0 0 votes
Article Rating

AMC, Cinemark won’t close theaters even as blockbusters flee 2020

Previous article

Trader on when sector could recover

Next article

You may also like

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

More in Top Stories