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Fed Is ‘Not Going to Run Out of Ammunition,’ Powell Vows

  • Fed chair speaks in rare TV interview on anti-virus measures
  • Says lending programs a bridge to get U.S. past virus threat
Jerome Powell
Jerome PowellPhotographer: Andrew Harrer/Bloomberg
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Federal Reserve Chairman Jerome Powell said the central bank will maintain its muscular efforts to support the flow of credit in the U.S. economy as Americans hunker down from the coronavirus pandemic.

“We will keep doing that aggressively and forthrightly, as we have been,” Powell said Thursday in a Fed chief’s first-ever interview on NBC’s “Today” show. “When it comes to this lending we’re not going to run out of ammunition. That doesn’t happen.”