FED CHAIR TESTIFIES ON COVID-19 ECONOMIC CRISIS: Federal Reserve Chair Jerome Powell is testifying before the House Select Subcommittee on the Coronavirus Crisis regarding the Fed’s response to the ongoing economic crisis.
» Subscribe to NowThis: http://go.nowth.is/News_Subscribe
» Sign up for our newsletter KnowThis to get the biggest stories of the day delivered straight to your inbox: https://go.nowth.is/KnowThis
Powell is expected to remain optimistic about the country’s economic recovery as the nation’s unemployment rate dropped to 5.5% in May 2021. Following the Fed policy meeting earlier this month, Powell announced that interest rates will currently be kept at near-zero levels, but believes that rates will rise at least twice by 2023.
For more U.S. news and politics, subscribe to NowThis News.
#FederalReserve #Economy #Coronavirus #Politics #News #NowThis
Connect with NowThis
» Like us on Facebook: http://go.nowth.is/News_Facebook
» Tweet us on Twitter: http://go.nowth.is/News_Twitter
» Follow us on Instagram: http://go.nowth.is/News_Instagram
» Find us on Snapchat Discover: http://go.nowth.is/News_Snapchat
NowThis is your premier news outlet providing you with all the videos you need to stay up to date on all the latest in trending news. From entertainment to politics, to viral videos and breaking news stories, we’re delivering all you need to know straight to your social feeds. We live where you live.