Estimated reading time: 0 minutes, 28 seconds

Fed Calls for More Fiscal Stimulus as Congress Stays Divided

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.

Read 1248 times
Rate this item
(0 votes)

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.