The Chairman of the Federal Reserve, Jerome Powell, is answering questions before the House Financial Services Committee on the second day of his testimony on Capitol Hill.
Featured statements:
“The Fed has made about $ 5 billion in loans under the Main Street Program. “
“Definitely consider expanding unemployment insurance programs“.
“Small businesses and state and local governments may also need help.”
“It would be very useful, important, to have additional tax support to get through the winter“.
“The increase in viruses can affect economic activity.”
“State and local governments would be a worthy place to look at how appropriate support might be.”
“In the short term it seems like a challenge, small businesses are still under pressure.”
“A the middle of next year there may be light at the end of the tunnel, the economy could be healthy. “
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