Fed’s Powell: Lack of further stimulus imperils recovery

FED CHAIR Jerome Powell said that the economy's recovery from the COVID-19 pandemic may falter without further aid in a speech to the National Association for Business Economics. / AP FILE PHOTO/BILL O'LEARY/THE WASHINGTON POST
FED CHAIR Jerome Powell said that the economy's recovery from the COVID-19 pandemic may falter without further federal aid, in a speech to the National Association for Business Economics. / AP FILE PHOTO/BILL O'LEARY/THE WASHINGTON POST
WASHINGTON (AP) – Strong financial support from the government and the Federal Reserve have spurred a solid recovery from the pandemic recession, but the rebound may falter without further aid, Fed Chair Jerome Powell warned Tuesday. Powell said that government support – including expanded unemployment insurance payments, direct payments to most United States households and…

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