US Fed chair warns of weak recovery without more state aid
Jerome Powell says too little support will also create unnecessary hardship for households and businesses
06 October 2020 - 17:16
New York — US Federal Reserve chair Jerome Powell warned of a weak US recovery without sufficient government aid and said providing too much stimulus wouldn’t be a problem.
Powell’s remarks on Tuesday came amid Republicans’ opposition to a larger relief package that’s kept talks with Democrats at a stalemate in Congress since aid to jobless Americans and small businesses expired in July and August...
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