Jerome Powell disregards potential depression; reiterates commitment to US economy
Will address Senate Committee on Banking, Housing and Urban Affairs
Chairman of the Federal Reserve, Jerome Powell
Federal Reserve chairman Jerome Powell is set to reiterate the US central bank’s commitment to use its "full range of tools" to support the economy and has denied the threat of a depression.
In prepared remarks Powell will deliver to the Senate Committee on Banking, Housing and Urban Affairs, he points to the body's "mandate to promote maximum employment and stable prices for the American...
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