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9/23, 4:48 PM (Source: TeleTrader)
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Powell: We done all the things we could think of

Federal Reserve Chair Jerome Powell reiterated on Wednesday that additional direct fiscal support might be needed for the United States economy to successfully overcome the coronavirus crisis.

Speaking before the House Oversight and Reform Select Subcommittee on the Coronavirus Crisis, Powell said that the path ahead continues to be uncertain despite the rebounds in the housing and business sectors. He stressed that the full economic recovery would happen only when people are confident they can safely engage in all activities.

Commenting on the tools still available to the Fed, Powell revealed that the central bank has "basically done all of the things it could think of."

Breaking the News / ND