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Powell Dodges Senators’ Efforts to Get Him to Take Side on Aid

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Powell Sticks to ‘General Comments’ on Fiscal Policy When Pressed on Aid
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Federal Reserve Chairman Jerome Powell sought to maintain neutrality in the debate over whether Congress should build on record stimulus, to further cushion an economy facing increasingly dire pressure from the coronavirus pandemic.

Powell, who testified along with Treasury Secretary Steven Mnuchin at a virtual hearing of the Senate Banking Committee on Tuesday, reiterated his stance that more fiscal aid may be needed -- potentially giving Democrats some ammunition for an additional $3 trillion stimulus bill that Republicans and President Donald Trump have already rejected.