Fed's Jerome Powell: More stimulus needed to help US economy
- Powell steered away from any discussion of politics, saying the economy, not the election, was the focus of the 2-day meeting of the Fed's policy-setting Federal Open Market Committee
- The recent spike in Covid-19 cases is 'particularly concerning' for the US economy, Powell said
The trajectory of Covid-19 remains key to the US recovery and until it is eradicated, more emergency spending will be "essential" to support the economy, Federal Reserve Chair Jerome Powell said Thursday.
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