• Fed's chairman Powell: We will continue to provide strong support

Market news

1 December 2020

Fed's chairman Powell: We will continue to provide strong support

  • U.S. economy has performed better than expected
  • Economy has a long way to go to recovery
  • There are 10 mln people unemployed
  • There is risk of small business closure during the winter
  • In the medium term, there is upside risk
  • Fed remains committed to using all of its tools to support the economy 
  • We will need more fiscal support
  • Inequality is important problem in our economy, it holds our economy back
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