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Powell, Yellen call on Congress to boost economy as lawmakers seek deal - POLITICO
“The risk of overdoing it is less than the risk of underdoing it,” said Federal Reserve Chair Jerome Powell.Federal Reserve Chairman Jerome Powell listens during a Senate Banking Committee hearing about the quarterly CARES Act report on Capitol Hill. | Susan Walsh-Pool/Getty ImagesFederal Reserve Chair Jerome Powell on Tuesday warned Congress against being too cautious in providing more relief to the economy, saying the country has suffered during past recessions because policymakers failed to do enough.Powell, speaking at a Senate Banking Committee hearing alongside Treasury Secretary...…“The risk of overdoing it is less than the risk of underdoing it,” said Federal Reserve Chair Jerome Powell.Federal Reserve Chairman Jerome Powell listens during a Senate Banking Committee hearing about the quarterly CARES Act report on Capitol Hill. | Susan Walsh-Pool/Getty ImagesFederal Reserve Chair Jerome Powell on Tuesday warned Congress against being too cautious in providing more relief to the economy, saying the country has suffered during past recessions because policymakers failed to do enough.Powell, speaking at a Senate Banking Committee hearing alongside Treasury Secretary...WW…
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