Four Takeaways From Fed Chair Powell’s Testimony Investors Should Know

Four Takeaways From Fed Chair Powell’s Testimony Investors Should Know

TOPLINE

Federal Reserve Chairman Jerome Powell told the Senate banking committee on Tuesday that there is still “significant uncertainty” about an economic recovery, while adding that the Fed will let the market dictate the pace of its corporate bond purchases.

Powell’s testimony echoed the Fed’s grim outlook on the economy last week.

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KEY FACTS

During the first…

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