FED CHAIR GIVES UPDATE AS ELECTION REMAINS UNCERTAIN: Federal Reserve Chair Jerome Powell holds a news conference following the release of their latest policy statement. The conclusion of the central bank’s two-day meeting comes amid the uncertain election results, a looming October jobs report, and a steady increase in new coronavirus cases across the country. Powell is expected to discuss whether the Fed will further intervene to assist the ailing economy, as interest rates have already been cut to near zero and the central bank has continued to implement other lending programs to help protect the nation’s economy and businesses. Over the past few months, Powell has reiterated the calls for an additional coronavirus stimulus package, urging Congress to pass a new relief bill while maintaining that the path towards economic recovery remains uncertain.
Federal Reserve Chairs are ostensibly nonpartisan, but they are nominated by the president. Powell was nominated by Pres. Trump and began his four year term in 2018. Trump has frequently attacked Powell and publicly urged him to implement a negative interest rate. A negative interest rate could greatly benefit someone carrying hundreds of millions of dollars of debt.
» Subscribe to NowThis: http://go.nowth.is/News_Subscribe
» Sign up for our newsletter KnowThis to get the biggest stories of the day delivered straight to your inbox: https://go.nowth.is/KnowThis
#FederalReserve #2020Election #Economy #JeromePowell #Coronavirus #News #NowThis #NowThisNews
Connect with NowThis
» Like us on Facebook: http://go.nowth.is/News_Facebook
» Tweet us on Twitter: http://go.nowth.is/News_Twitter
» Follow us on Instagram: http://go.nowth.is/News_Instagram
» Find us on Snapchat Discover: http://go.nowth.is/News_Snapchat
NowThis is your premier news outlet providing you with all the videos you need to stay up to date on all the latest in trending news. From entertainment to politics, to viral videos and breaking news stories, we’re delivering all you need to know straight to your social feeds. We live where you live.
Greetings I am April,
Reporter Controlled News. I find the truth in all the lies! The internet is an amazing place, Unfotiantly it is filled with as many lies at it is truths. It is my job to sort out the truth from all the lies. I do this to the best of my ability. Its so easy to get caught up in all the information it can be hard to sort things.
I am also part of the Area Control Network