Fed Chair To Congress: Do These Three Things Now To Save The US Economy
Fed Chair To Congress: Do These Three Things Now To Save The US Economy

The US Federal Reserve is expected to remain apolitical and stay out of the business of Congress.

Even so, President Donald Trump has repeatedly jeered at Fed Chair Jerome Powell, even going so far as to call him 'an enemy of the state.'

Nevertheless, Business Powell stuck his neck out in a Congressional hearing this week, calling for more government intervention in the economy.

Business Insider reports in the wake of the novel coronavirus pandemic, Powell called for three areas of enhanced federal relief spending.

Powell wants to see an extension of federal unemployment benefits to workers, and additional aid to states.

He also wants to see further investment in combatting the pandemic, linking uncertainty about the path of the disease to economic uncertainty.