Jerome Powell’s Message to Americans: ‘The Federal Reserve is Working Hard to Support You’

Federal Reserve Chairman Jerome Powell is trying to reassure Americans about this unprecedented financial crisis ignited by the coronavirus pandemic.

by Maggie Fitzgerald
CNBC.com

Federal Reserve Chairman Jerome Powell is trying to reassure Americans about this unprecedented financial crisis ignited by the coronavirus pandemic.

“The Federal Reserve is working hard to support you now, and our policies will be very important when the recovery does come, to make that recovery as strong as possible,” Powell said Thursday on NBC’s “TODAY.”

“Really the message is this: This is a unique situation, it’s not like a typical downturn. We’ve asked people to step back from economic activity really to make an investment in our public health.

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