Federal Reserve Chair Jerome Powell testified before the House Financial Services Committee on monetary policy and the state of the economy amid… read more
Federal Reserve Chair Jerome Powell testified before the House Financial Services Committee on monetary policy and the state of the economy amid the coronavirus pandemic. Chair Powell took questions from lawmakers on a variety of topics, including the low interest rates, unemployment from COVID-19 shutdowns, the coinage shortage and what the future of economic growth and recovery from the virus might look like. This was Mr. Powell’s second day testifying before a congressional committee. He appeared before the Senate Banking Committee the previous day.
The hearing was interrupted for approximately one minute by a Senate pro forma session. close
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*This transcript was compiled from uncorrected Closed Captioning.
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