Federal Reserve Chairman Jerome Powell testifies before the Senate Banking Committee hearing on"The Quarterly CARES Act Report to Congress" on Capitol Hill in Washington, U.S., December 1, 2020. Susan Walsh/Pool via REUTERS
America’s monetary and fiscal chiefs frequently agreed with one another, defusing what came over as a public disagreement just weeks ago over Mnuchin’s termination of lending programs set up during the pandemic and the return of around $450 billion to the Treasury. Most agreed that additional fiscal help is necessary. A $908 billion bipartisan stimulus bill, released by a group of senators the same day, offers both sides reasons to compromise. But they haven’t so far managed that since passing the last round of federal help in March.
Maintaining a non-partisan stance helps ensure investors view the central bank’s actions as in the best interest of the economy, not one party or political viewpoint. And Powell, nominated by Trump but also a regular target of critical presidential tweets, has managed to walk that line, setting himself up as a possible Biden nominee for another term.
That is what he s/b doing trying to act as a MEDIATOR between the two sides DEMS & REPS, instead he's largely done NOTHING but side with the REPS.
Yeah sure
New ...? NON PARTISAN ...!!!? Hello WAKE UP SIR
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