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Economy still needs fiscal, monetary support: Federal Reserve's Powell

The Fed is committed to "using all of our tools to support the recovery for as long as it takes until the job is well and truly done," Powell said

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Indeed, he said, reprising a theme he has been hitting for months, the economy likely needs more fiscal support as well.

Howard Schneider and Ann Saphir | Reuters Washington

2 min read Last Updated : Nov 18 2020 | 1:08 AM IST

The current surge in coronavirus cases is a big concern for an economic recovery that has a "long way to go," Federal Reserve Chair Jerome Powell said on Tuesday, repeating a vow that the U.S. central bank would do all it could to nurse the economy back to health and calling again for more fiscal support.

The Fed is committed to "using all of our tools to support the recovery for as long as it takes until the job is well and truly done," Powell said at a virtual event hosted by the Bay Area Council in California. It is not

Topics : US economy Fiscal stimulus Jerome Powell US Federal Reserve

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