Federal Reserve To Continue QE and Use Powers Forcefully. Aggressively and Proactively

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Keymaster

Powell prepared testimony to the Senate

Significant uncertainty on timing and strength of recovery
Downturn could widen US inequality if not reversed
Some recent indicators have pointed to stabilization
Repeats that rates will stay near zero until the economy is on track
Full recovery unlikely until confidence is restored
Pandemic is hitting low-income households the hardest
Long-term inflation expectations ‘fairly stable’