PRINT: Powell pledges the Fed’s economic help ‘for as long as it takes.’ But is he actually helping? Is there any evidence he is?


(From CNBC)

In remarks the central bank leader will deliver Tuesday to the House Financial Services Committee, Powell reiterated the Fed’s commitment to helping the economy through the coronavirus pandemic and outlined what’s been done so far.

“We remain committed to using our tools to do what we can, for as long as it takes, to ensure that the recovery will be as strong as possible, and to limit lasting damage to the economy,” Powell said in his prepared testimony.

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