Fed’s Powell says central bank committed to using all tools to help recovery

(Reuters) - The Federal Reserve remains committed to using all the tools at its disposal to help the U.S. economy recover from the blow delivered by the coronavirus pandemic, Chair Jerome Powell said

September 21, 2020

(Reuters) – The Federal Reserve remains committed to using all the tools at its disposal to help the U.S. economy recover from the blow delivered by the coronavirus pandemic, Chair Jerome Powell said on Monday.

“We remain committed to using our tools to do what we can, for as long as it takes, to ensure that the recovery will be as strong as possible, and to limit lasting damage to the economy,” Powell said in remarks released ahead of the first of three days of testimony to Congress this week. Powell’s first appearance is on Tuesday before the House of Representatives Financial Services Committee.

(Reporting by Dan Burns; Editing by Leslie Adler)