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Fed's Powell stresses uncertainty, challenges facing U.S. economy

Jun 29, 2020 - Nasdaq

A dds comments, background June 29 (Reuters) - U.S. Federal Reserve Chair Jerome Powell on Monday said the outlook for the world's biggest economy is "extraordinarily uncertain" and will depend both on containing the coronavirus and on government efforts to support the recovery. Economic activity has picked up in recent weeks after what in some places had been months of shutdowns to slow the spread of the novel coronavirus, Powell said in remarks prepared for a Congressional hearing on Tuesday...