Powell Sees Low Rates, Crisis-Era Tools as Facts of Life for Fed
Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a Senate Banking Committee hearing in Washington. (Photographer: Andrew Harrer/Bloomberg)

Powell Sees Low Rates, Crisis-Era Tools as Facts of Life for Fed

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(Bloomberg) -- The Federal Reserve will be forced to use large-scale asset purchases “aggressively” in a downturn, Chairman Jerome Powell told U.S. lawmakers, as central bankers confront the dilemm...
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