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  • Writer's picturePete

Fed Chair Remarks

Fed Chair Powell calls for more help from Congress, says there’s a low risk of ‘overdoing it’

PUBLISHED TUE, OCT 6 202010:40 AM EDTUPDATED 35 MIN AGO Jeff Cox@JEFF.COX.7528@JEFFCOXCNBCCOM

KEY POINTS

  • Federal Reserve Chairman Jerome Powell said Tuesday that aggressive policy help for the economy needs to continue.

  • “The risks of overdoing it seem, for now, to be smaller,” the central bank chief told the National Association for Business Economics.

  • Taking the foot off the gas now could risk thwarting a recovery that Powell said has been quicker than expected.

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