Jerome Powell pledges to use all Fed powers to buffer economy from pandemic fallout

Published May 18, 2020 8:52pm ET



Federal Reserve Chairman Jerome Powell will reaffirm that the central bank is committed to using all its resources to help the economy weather the coronavirus pandemic during a Senate hearing on Tuesday.

“We are committed to using our full range of tools to support the economy in this challenging time even as we recognize that these actions are only a part of a broader public sector response,” he said in remarks prepared to be delivered to the Senate Banking, Housing, and Urban Affairs Committee on Tuesday.

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