Finance

‘The Federal Reserve is working hard to support you’

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Federal Reserve Chair Jerome Powell holds a news conference following the Federal Open Market Committee meeting in Washington, December 11, 2019.

Joshua Roberts | Reuters

Federal Reserve Chairman Jerome Powell told Americans on Thursday the central bank is working hard to support them during these unprecedented financial conditions. 

“The Federal Reserve is working hard to support you now, and our policies will be very important when the recovery does come, to make that recovery as strong as possible,” Powell said on NBC’s “Today.” 

“Really the message is this: This is a unique situation, its not like a typical downturn. We’ve asked people to step back from economic activity really to make…



Source cnbc.com

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