U.S. markets open in 1 hour 20 minutes
  • S&P Futures

    3,258.00
    -5.50 (-0.17%)
     
  • Dow Futures

    26,307.00
    -102.00 (-0.39%)
     
  • Nasdaq Futures

    11,155.75
    +23.00 (+0.21%)
     
  • Russell 2000 Futures

    1,531.00
    -8.20 (-0.53%)
     
  • Crude Oil

    35.78
    -1.61 (-4.31%)
     
  • Gold

    1,872.40
    -6.80 (-0.36%)
     
  • Silver

    23.07
    -0.29 (-1.24%)
     
  • EUR/USD

    1.1705
    -0.0044 (-0.37%)
     
  • 10-Yr Bond

    0.7810
    0.0000 (0.00%)
     
  • Vix

    40.52
    +7.17 (+21.50%)
     
  • GBP/USD

    1.2946
    -0.0041 (-0.31%)
     
  • USD/JPY

    104.2670
    -0.0340 (-0.03%)
     
  • BTC-USD

    13,059.68
    -103.71 (-0.79%)
     
  • CMC Crypto 200

    258.00
    -14.69 (-5.39%)
     
  • FTSE 100

    5,565.45
    -17.35 (-0.31%)
     
  • Nikkei 225

    23,331.94
    -86.57 (-0.37%)
     

Fed's Powell says central bank committed to using all tools to help recovery

·1 min read

Sept 21 (Reuters) - The Federal Reserve remains committed to using all the tools at its disposal to help the U.S. economy recover from the blow delivered by the coronavirus pandemic, Chair Jerome Powell said on Monday.

"We remain committed to using our tools to do what we can, for as long as it takes, to ensure that the recovery will be as strong as possible, and to limit lasting damage to the economy," Powell said in remarks released ahead of the first of three days of testimony to Congress this week. Powell's first appearance is on Tuesday before the House of Representatives Financial Services Committee. (Reporting by Dan Burns; Editing by Leslie Adler)