US: The Fed will submit to the House of Representatives the financial consequences of the coronavirus

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The President of the US Federal Reserve (Fedis expected to testify before a House of Representatives committee on September 23rd over the central bank’s response to addressing the financial consequences of the spread of COVID-19, the committee said in a statement.

Democrat James Claiborne of the House of Representatives’ Special Subcommittee on the Coronavirus Crisis cited Powell’s comment yesterday that “more monetary support is likely to be needed.”

source: ΑΠΕ



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