Powell: Fed is Committed to Use All the Tools to Help The Recovery

Federal Reserve Chairman Jerome Powell said Monday that the US central bank remains committed to using all the tools at its disposal to help the world’s largest economy recover from the blow it took from the coronavirus pandemic.

“We remain committed to using our tools to do what we can, for as long as it takes, to ensure that the recovery will be as strong as possible, and to limit lasting damage to the economy,” Powell said in remarks released ahead of the first of three days of testimony to Congress this week. Powell’s first appearance is on Tuesday before the House of Representatives Financial Services Committee.