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Powell Pledges to Maintain Economic Support: Live Updates


Here’s what you need to know: Jerome Powell returned to Capitol Hill as Democrats push for a new $1.9 trillion spending plan.Credit…Al Drago for The New York TimesJerome H. Powell, the chair of the Federal Reserve, told lawmakers that the economic rebound from the pandemic recession had further to go and reiterated that the central bank planned to keep up its growth-stoking policies, which include rock-bottom interest rates and large-scale bond buying.“The economic recovery remains uneven and far from complete, and the path ahead is highly uncertain,” Mr. Powell said in prepared remarks he delivered to the …

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