Powell presses Congress on more relief, warning of ‘tragic’ scenario for economy

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Federal Reserve Chair Jerome Powell on Tuesday said Congress should err on the side of overdoing it with the next economic relief bill, saying a conservative approach could imperil a rebound from the Covid recession

Federal Reserve Chair Jerome Powell on Tuesday said Congress should err on the side of overdoing it with the next economic relief bill, saying a conservative approach could imperil a rebound from the coronavirus recession.

In a statement released just after Powell's appearance, Pelosi quoted the Fed chair's speech and said the moment was "long overdue" for Republicans to agree on a bill. Powell made it clear that the Fed was in no rush to abandon its recent intervention into financial markets. He defended decisions to lend to corporations and state and local governments as part of its sweeping coronavirus response.

 

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WADR, federalreserve Chair JeromePowell DuplicitousByDesign ‼️

but why heed the experts opinion. According to trump, things are 'rosey'. Just like his miraculous rebound from COVID. He is 'immune'(then how did you get it all) and not contagious. Which is where he may have been wrong infecting the White House.

have you looked at the democrat demands... not a lot to do with coronavirus but a lot of promises she should not have made to poorly run democrat states... i have read it...

We can’t afford my dad’s dialysis bill, because Trump de-regulated Kaiser and other insurers in some obscure Bill last year effective 1/1/2020. So we are trying to pay the 20% Medicare doesn’t cover, and we can’t.. going to lose my dad - Death by Spreadsheet😢 🌊💙

Bury this Orange Bitch at the polls....🌊💙

Since Jerome Powell has pointed out the risk of not having a stimulus package now, the SenateGOP needs to move forward for the good of our country. Trump doesn't care, but they SHOULD. SenatorCollins wants to be re- elected. Patriots stand up!

America is like Rome it too shall fall. If it doesn't fall God owes Sodom and Gomorah an apology.

It’s so obvious that none of them intend to give us a dime, however Dump is promising another tax scam for the rich. He’s also getting rich himself by stealing from the American People.

it's NOT a covid recssion... its a trumpRecession

Dems hope the economy suffers don’t they?...

Trump will not be set up by communists who want to hijack our country and make it a communist State.

Powell is a fkn idiot, the federal reserve is antiquated.

So lemme get this straight...our economy is TANKING because we the working class genuinely can’t afford to keep our finances afloat, but we might also cause a recession if we get more financial assistance from the government? Please tell me the logic behind this.

Aviation industry is in need of a relief! Thousands of us without Healthcare and income! Mr. President! We can not wait! This is Urgent! realDonaldTrump TeamPelosi stevenmnuchin1 SpeakerPelosi RepPeterDeFazio afa_cwa

gagripin Try convincing GOP of this. They want to nickle and dime everything because, like their evil leader, they hate Americans. TrumpHatesAmerica

AmazingGraceToo Ce la vie Trump bust!

The only man in Washington with common sense.

covid isnt tragic enough lets add financial devastation, hunger, homelessness....

The GOP are nothing but cowards and sycophants! They should be ashamed!

This is all on SpeakerPelosi I don’t know if she hates realDonaldTrump more than she hates America.

Nancy wouldn’t give up her pork.The Republicans have been negotiating for weeks.She wants fed gov’t to boost aid for foreign-born people without SS numbers, which includes immigrants who don't have legal status. She also wants to bail out States that have mismanaged their money!

He said what SpeakerPelosi told him to say - hoping to corner realDonaldTrump into a corrupt scheme of paying off her buddies with COVID relief funds for issues UN-RELATED to COVID. realDonaldTrump PUTS AMERICA FIRST, UNLIKE CORRUPT CAREER POLITICIANS TrumpWarRoom explain it

Good. We won’t get stuck with another bloated corporate bailout for billionaires and after we vote out trump and all the tu(R)ds Democrat leaders can pass a bill to HELP THE PEOPLE

The R’s made a fair proposal months ago. Nancy was determined to triple the cost by adding pork and raising unemployment so high that people wouldn’t return to work. She wanted triple the cost or nothing. She had plenty of time to get reasonable.

somebody has a second income.

If Trump thinks he may lose, Trump could care less about plunging the US into a deep recession or depression as long as he could fill his pockets and profit now.

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Fed’s Powell Says U.S. Faces ‘Tragic’ Risks From Doing Too Little to Support EconomyFederal Reserve Chairman Jerome Powell warned of potentially tragic economic consequences that could result if Congress and the White House don’t provide additional support to households and businesses disrupted by the coronavirus pandemic. Pass the stimulus for working Americans! senatemajldr quit putting businesses ahead of individual people! America is watching you. Tell that to McConnell dont worry fed got our backs
Source: WSJ - 🏆 98. / 63 Read more »

Fed’s Powell Says U.S. Faces ‘Tragic’ Risks From Doing Too Little to Support EconomyFederal Reserve Chairman Jerome Powell warned of potentially tragic economic consequences that could result if Congress and the White House don’t provide additional support to households and businesses disrupted by the coronavirus pandemic. Pass the stimulus for working Americans! senatemajldr quit putting businesses ahead of individual people! America is watching you. Tell that to McConnell dont worry fed got our backs
Source: WSJ - 🏆 98. / 63 Read more »