Powell: Fed not looking at negative rates

May 13, 2020 by  
Filed under News

Federal Reserve Chair Jerome Powell, in a sober review of where the U.S. economy stands on the cusp of its reopening, said on Wednesday the country could face an “extended period” of weak growth and stagnant incomes, pledged to use more Fed power as needed, and issued a call for more fiscal spending.

Source: Reuters Business News

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