WATCH: In congressional testimony, Federal Reserve Chairman Powell and Treasury Sec. Mnuchin stressed that 2 key factors are needed for the U.S. economy to fully recover from the coronavirus pandemic — another stimulus package from Congress and a vaccine.
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Fed’s Covid-19 response could score once-embattled Powell another termFederal Reserve Chair Jerome Powell was once on the verge of being fired by President Donald Trump for not doing enough to turbocharge the U.S. economy. Now, he stands a decent chance of keeping his job no matter who is elected president.
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Watch Jerome Powell, Steven Mnuchin testify before Congress on pandemic responseWhat should be included in a new coronavirus package to support the economy? “I think the next package should be much more targeted, it should be focused on kids and jobs and areas of the economy that are still hard hit,” Treasury Sec. Mnuchin says.
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Stocks finish higher as Powell, Mnuchin repeat calls for stimulusU.S. stocks closed higher, snapping a four-day losing streak for two of the three major indexes, as investors attempted to look past rising coronavirus case...
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Mnuchin, Powell Urge More Spending to Help Economy Recover From PandemicTreasury Secretary Mnuchin and Fed Chairman Powell told lawmakers that emergency loan programs to support the coronavirus-stricken economy were largely working as intended and that more government spending would be needed to sustain the recovery
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U.S. needs a vaccine and more fiscal aid before economy can fully recover, say Mnuchin and PowellIn testimony before the House Financial Services Cmte., Federal Reserve Chairman Powell and Treasury Sec. Mnuchin both emphasized the need for Congress to come together over a plan for more fiscal stimulus.
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Treasury yields muted with pandemic, stimulus and Powell testimony on focusU.S. government debt prices were slightly higher in the early hours of Tuesday as concerns about new lockdown measures in Europe and a likely delay to a new federal stimulus package continue to weigh on sentiment.
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