WASHINGTON (Reuters) – The U.S. Congress and the Federal Reserve both need to “stay with it” in working to bolster the economic recovery, Federal Reserve Chair Jerome Powell said on Wednesday.
Despite progress in rebounding from the coronavirus economic downturn, “there is a long way to go,” with millions still jobless compared to where the economy was in February, he said.
“We need to stay with it … The recovery will go faster if there is support coming both from Congress and the Fed.”
(Reporting by Howard Schneider; Editing by Chris Reese)
