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Powell pledges the Fed’s economic aid ‘for as long as it takes’

September 22, 2020


Federal Reserve Chairman Jerome Powell pledged continued support for an economy that he said has shown substantial improvement but still needs more work.

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. The appearance is one of three Powell will make on Capitol Hill this week.

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