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Fed Calls for More Fiscal Stimulus as Congress Stays Divided

Friday, Sep 25 2020
Lending
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A succession of Federal Reserve officials have reiterated that the economic recovery can’t continue based on the support of monetary policy alone. So reports Bloomberg.

!--more-->Chairman Jerome Powell said that more fiscal stimulus will probably be needed, despite Democrats and Republicans in Congress being at loggerheads.

Cleveland Fed President Loretta Mester said more support was absolutely necessary. Chicago Fed President Charles Evan indicated that his projections had already included fiscal stimulus. And Boston Fed President Eric Rosengren noted that Congress probably would not make a move until 2021.

Read the full article from Bloomberg.

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