BY SYLVAN LANE
Jerome Powell, Federal Reserve Board Chair, warned on Wednesday that a lack of further fiscal support from Congress andPresident Trump could “scar and damage” a U.S. economy restrained by the coronavirus pandemic.
Powell publicly expressed optimism that Democrats and Republicans would find a path forward on another coronavirus relief bill despite a weeks-long stalemate between negotiators, During a Wednesday press conference.
Powell added that the Fed’s improving outlook for the world’s largest economy depended on lawmakers and the White House bridging deep divides over the scale and scope of another package.
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