Fed's Powell: More stimulus needed to help US economy

Washington (AFP) – The trajectory of Covid-19 remains key to the US recovery and until it is eradicated, more emergency spending will be “essential” to support the economy, Federal Reserve Chair Jerome Powell said Thursday.But with America’s knife-edge election yet to be called, as state officials continue to tally ballots, the potential for a split government in Washington makes it less likely Congress will end months of gridlock and quickly approve another giant spending package to help workers and businesses.Democratic challenger Joe Biden appears well-positioned to unseat President Donald …

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