Latest News - #Jerome Powell

The fed chief said the prospects of US economic recovery uncertain

The U.S. economy will need the support of Congress and the Federal reserve system (FRS) for an indefinite period, said the fed's Jerome Powell.

"The way forward will also depend on political action at all levels of government, to support recovery (of the economy) for as much time as necessary," said Powell at a press conference.

The head fed did not rule out that the bottom of the crisis passed

The head of the fed Jerome Powell at a press conference following the meeting of the governing Council of the regulator has not ruled out that the bottom of the economic crisis passed.

"Is it possible that we have passed the bottom? Possible. Is it possible that we started from the bottom on unemployment? If you look at the indicators may possibly. But to say for sure, we need more numbers," said Powell.