Federal Reserve Chair Powell on Coronavirus Pandemic and Monetary Policy

Federal Reserve Chair Jerome Powell delivered remarks on the coronavirus pandemic and its impact on monetary policy and the economy. “When the spread of the virus is under control, businesses will reopen and people will come back to work. There is every reason to believe that the economic rebound, when it comes, can be robust,” said Chair Powell. He also talked about unemployment claims and the central bank’s role during the outbreak. When asked about reopening the economy, he replied, “We need to have a plan nationally for reopening the economy,” and “we all want to avoid a false start.” close