Fed’s Powell to Urge Congress to ‘Do Everything’ it Can to Help Those Suffering Amid Pandemic

Federal Reserve to publicly disclose all loan recipients

by Jeffry Bartash
Market Watch

As Democrats and Republicans squabble over what kind of coronavirus relief to provide next to millions of suffering Americans, the chairman of the Federal Reserve has a simple message: Do everything you can.

Jerome Powell, the head of the powerful U.S. central bank, plans to reiterate his message on Tuesday at a Senate hearing to explain how the Fed is helping businesses and governments to cope with unprecedented financial strains caused by the COVID-19 pandemic. Congress have given the Fed the authority to make potentially trillions of dollars in loans.

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