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Powell warns of severe, ongoing risks to the economy hours before Trump ends stimulus negotiations until after election

Powell warns of severe, ongoing risks to the economy hours before Trump ends stimulus negotiations until after election

October 07, 2020

WASHINGTON - Federal Reserve Chair Jerome Powell warned Tuesday of ongoing risks to the economy and the consequences of insufficient support from policymakers, offering a sharp reminder that the economic recovery remains fragile, hours before President Donald Trump said he was calling off stimulus relief negotiations until after the November election.

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