Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a Dwelling Decide on Subcommittee on the Coronavirus Crisis hearing in Washington, D.C., U.S., September 23, 2020.
Stefani Reynolds | Reuters
Federal Reserve Chairman Jerome Powell said in testimony well prepared for shipping to Congress this 7 days that the economy is developing but faces ongoing threats from the coronavirus pandemic.
The central financial institution leader also highlighted climbing inflation pressures that he expects to lessen more than time.
As the economy recovers from the pandemic, he also pledged ongoing assistance from insurance policies the Fed put into place in