Fed’s Jerome Powell Calls For More Economic Aid, Warning ‘Weakness Feeds On Weakness’

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October 6th, 2020

In a speech Tuesday, Federal Reserve Chair Jerome Powell had noted the economy was bouncing back more quickly from the pandemic recession than many forecasters expected. But he added that the recovery is far from complete.

Kevin Dietsch / AP

Updated at 4:08 p.m. ET

Federal Reserve Chairman Jerome Powell urged Congress to provide another round of pandemic relief Tuesday, saying it’s better to do too much than too little.

However, hours later, President Trump dashed hopes for any quick deal with lawmakers, saying he’d called a halt to negotiations until after the November election.

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