Fed’s Powell Calls for More Help From Congress on Stimulus Bill

Pelosi tells Democrats that talks are going 'very slow'

Federal Reserve Chairman Jerome Powell, wearing a face mask, on Capitol Hill in Washington, on June 30, 2020. Tasos Katopodis/Pool via Reuters

Federal Reserve Chairman Jerome Powell on Tuesday called on Congress to continue an aggressive policy to stimulate the economy.

Powell argued that stimulus measures passed by Congress this year, including stimulus payments and the expansion of unemployment benefits, have helped with job creation, consumption of goods, and business formation.