Without more support from Congress, Fed chair says U.S. economy could be scarred: Don Pittis

Without more support from Congress, Fed chair says U.S. economy could be scarred: Don Pittis

Borrowers can breathe a sigh of relief as the U.S. central bank predicts interest rates will stay low for years, but Jerome Powell warns that the unexpectedly quick recovery in the economy following the outbreak of COVID-19 is not likely to persist, and more government spending is needed.

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