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Powell: ‘The recovery appears to be strengthening, the Fed will support it’ – North America


(ANSA) – NEW YORK, March 22 – The recovery is far from complete and the Fed will continue to provide the economy with the support it needs for as long as it is needed. Fed Chairman Jerome Powell assures Congress based on quotes from a speech he will give tomorrow to the House Financial Services Committee alongside Treasury Secretary Janet Yellen. “The recovery is faster than expected and seems to be intensifying,” said Mr Powell. Labor market conditions have improved lately but millions of Americans still need it. (HANDLING).

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