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Powell Takes Center Stage at a Bleak Moment for the U.S.: Eco Week Ahead

  • ECB’s Lagarde to be questioned by lawmakers on Monday
  • Weekly take on events in the world economy and their fallout
City workers board up the broken windows of a Chicago Transit Authority (CTA) train entrance in the Wicker Park neighborhood of Chicago on June 5.

City workers board up the broken windows of a Chicago Transit Authority (CTA) train entrance in the Wicker Park neighborhood of Chicago on June 5.

Photographer: Christopher Dilts/Bloomberg

Federal Reserve Chairman Jerome Powell will be on hand to offer reassurance to investors this week that he’ll keep policies in place to aid the U.S. economy at a bleak moment of recession, disease and civil unrest.

Fed officials -- who have already unleashed a torrent of liquidity to ease financial market strains -- are not expected to augment their guidance for interest rates to stay near zero until the economy is back on track, despite a better-than-expected reading for the jobs market in May. But Powell’s press conference on Wednesday will be closely watched for hints on how much more, if any, further stimulus he thinks will be needed.