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© Reuters. Fed President Jerome PowellSAN FRANCISCO (Reuters) – The United States economy can move “quickly” toward recovery if people stay home, the government gets help for businesses and families, and public health officials develop a national plan to resume the economy. Federal Reserve Chairman Jerome Powell said Thursday.
“We need to have a plan, at the national level, to reopen the economy,” Powell said at an online event promoted by the Brookings Institution. “While we all want this to happen as quickly as possible, we all want to avoid a false start, where we partially reopen and this results in an increase in coronavirus cases and then we have to get back to where we started.”
Powell said that monetary policy is “exactly in the right place” and that the US central bank. USA You are prepared to adjust or scale up your extensive emergency loan programs as needed, and keep them running until you are sure that recovery is on the right track.
(By Ann Saphir)
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