India  

Powell: U.S. entering second phase of economy reopening

Video Credit: Reuters Studio - Duration: 01:23s - Published
Powell: U.S. entering second phase of economy reopening

Powell: U.S. entering second phase of economy reopening

Federal Reserve Chair Jerome Powell on Tuesday testified before the Senate Banking Committee and said that the U.S. economy appears to be entering the second phase of reopening assuming the virus remains under control.

0
shares
ShareTweetSavePostSend
 

"Legislation that you passed, both the PPP and the unemployment insurance, and the checks that were sent out.

All of that is supporting demand and reopening," Powell said.

Congress has so far allocated nearly $3 trillion in financial relief, including direct payments to households and a forgivable loan scheme for small businesses, while the Fed has implemented numerous programs to pump trillions of dollars of credit into the economy.




💡 newsR Knowledge: Other News Mentions

Jerome Powell Jerome Powell American central banker, and 16th Chairman of the Federal Reserve in the United States

Fed Chair To Congress: Do These Three Things Now To Save The US Economy [Video]

Fed Chair To Congress: Do These Three Things Now To Save The US Economy

The US Federal Reserve is expected to remain apolitical and stay out of the business of Congress. Even so, President Donald Trump has repeatedly jeered at Fed Chair Jerome Powell, even going so far as to call him 'an enemy of the state.' Nevertheless, Business Powell stuck his neck out in a Congressional hearing this week, calling for more government intervention in the economy.

Credit: Wochit News    Duration: 00:39Published
Powell: strength, pace of recovery depends on virus [Video]

Powell: strength, pace of recovery depends on virus

A full U.S. economic recovery will not occur until the American people are sure that the novel coronavirus epidemic has been brought under control, Federal Reserve Chairman Jerome Powell told Congress on Tuesday. Conway G. Gittens has more of his testimony.

Credit: Reuters Studio    Duration: 02:40Published
Jobless claims decline but millions still out of work [Video]

Jobless claims decline but millions still out of work

Layoffs in the United States are abating, but millions who lost their jobs because of COVID-19 continue to draw unemployment benefits, suggesting the labor market could take years to heal from the pandemic even as businesses resume hiring workers. Conway G. Gittens breaks down the numbers.

Credit: Reuters - Politics    Duration: 01:44Published

Federal Reserve Federal Reserve Central banking system of the United States

Shares Drop As Wall Street Waits For Fed's Take On US Economy [Video]

Shares Drop As Wall Street Waits For Fed's Take On US Economy

Investors on Tuesday paused ahead of a Federal Reserve Meeting that could reveal the Fed's view on recent signs of economic recovery. No major policy announcements are expected when the US central bank's meeting wraps up on Wednesday. However, investors will scrutinize its remarks on the health of the economy, which has been reopening slowly after coronavirus-related closures. According to Reuters, the S&P 1500 airlines index declined 8.5% on Tuesday.

Credit: Wochit News    Duration: 00:34Published
Wall Street climbs on economic recovery hopes [Video]

Wall Street climbs on economic recovery hopes

Wall Street bounced higher on Tuesday thanks to the combination of a historic retail sales figure, comments from the Fed chief, a positive study on a possible COVID-19 treatment and hopes for an infrastructure plan. Conway G. Gittens has the details.

Credit: Reuters Studio    Duration: 02:04Published

United States Senate Committee on Banking, Housing, and Urban Affairs United States Senate Committee on Banking, Housing, and Urban Affairs Standing committee of the United States Senate


Public–private partnership Public–private partnership Public project or service which is financed and operated through a partnership of government and one or more private sector companies

Private players to run 5% trains, operations likely from April 2023: Railway Board Chairman [Video]

Private players to run 5% trains, operations likely from April 2023: Railway Board Chairman

Speaking on the participation of private entities in running passenger trains, Railway Board Chairman, Vinod Kumar Yadav on July 02 informed that 5 per cent of the trains have been offered to private players under Public-Private Partnership. "5% is being offered to private operators under Public-Private Partnership (PPP), 95% trains will be run by Indian Railways. Majority of trains will be manufactured in India. Private train operators will fix fare keeping in mind fares of airlines and AC buses," said Railway Board Chairman.

Credit: ANI    Duration: 02:36Published

Day after inviting private players, Railways says only 5% trains being offered under PPP

Ministry of Railways on Wednesday invited RFQ for private participation for the operation of passenger train services over 109 Origin-Destination (OD) pairs of..
DNA
FM announces atomic energy related reforms [Video]

FM announces atomic energy related reforms

Finance Minister on May 16 announced reforms related to atomic energy sector. "There shall be a research reactor in Private Partnership (PPP) model only for the production of medical isotopes. Technology Development cum Incubation centres will be set up for fostering synergy between research facilities and tech entrepreneurs," said Finance Minister Nirmala Sitharaman.FM Nirmala Sitharaman made this statement while addressing media about fourth installment of economic package announced by Prime Minister Narendra Modi in the view of coronavirus.

Credit: ANI    Duration: 02:24Published

United States Congress United States Congress Legislature of the United States

Kanpur encounter: Opposition parties slam Yogi Adityanath govt over law and order situation

Opposition parties in Uttar Pradesh, including the Congress and Samajwadi Party, on Friday lashed out at the Yogi Adityanath government over the killing of eight..
IndiaTimes
'Tiger abhi zinda hai', says Scindia to Congress after MP cabinet expansion [Video]

'Tiger abhi zinda hai', says Scindia to Congress after MP cabinet expansion

BJP leader Jyotiraditya M. Scindia on July 2 said that he does not need any certificate from Congress' Digvijaya Singh and Kamal Nath. He slammed them by saying, "The facts are before the people how they looted the state in 15 months....I want to tell them 'tiger abhi zinda hai'" Earlier in the day, 28 MLAs took oath as ministers in Madhya Pradesh Chief Minister Shivraj Chouhan government. BJP senior leaders Gopal Bhargava, Yashodhara Raje Scindia were among the leaders who took oath in MP cabinet. Caretaker Governor of Madhya Pradesh Anandiben Patel administered oath to BJP leaders.

Credit: ANI    Duration: 01:06Published

Congress alleges Modi govt blinded by rage, vendetta against its leadership; says Priyanka will not be deterred

The Congress on Wednesday hit out at the Modi government for sending a house vacation notice to Priyanka Gandhi Vadra, saying neither she nor the Congress..
IndiaTimes

Priyanka Gandhi expresses gratitude to health workers on National Doctors Day

Congress leader Priyanka Gandhi Vadra on Wednesday expressed gratitude to health workers engaged in the treatment of Covid-19 patients on the occasion of the..
IndiaTimes

No longer SPG protectee, Congress leader Priyanka Gandhi Vadra asked to vacate government bungalow

The Ministry of Housing and Urban Affairs said the decision was taken as she no longer enjoys SPG protection.
DNA


Tweets about this


Related videos from verified sources

COVID update: PM's warning as country enters Unlock 2; caseload at 5.65 lakh, death toll nearing 17,000 mark [Video]

COVID update: PM's warning as country enters Unlock 2; caseload at 5.65 lakh, death toll nearing 17,000 mark

As the country is moving into the second phase of unlocking the economy amid the COVID-19 pandemic, Prime Minister warned the citizens against growing carelessness since the Unlock 1 started...

Credit: ANI     Duration: 01:29Published
Federal Reserve Chair Says US Economy Recovery May Begin By Summer [Video]

Federal Reserve Chair Says US Economy Recovery May Begin By Summer

If there is not another wave of COVID-19, Jerome Powell says America could start to return in this year's second half.

Credit: Cover Video     Duration: 01:30Published
Federal Reserve Chair Says US Economy Recovery May  Begin By Summer [Video]

Federal Reserve Chair Says US Economy Recovery May Begin By Summer

Federal Reserve Chair Says US Economy Recovery May Begin By Summer If there is not another wave of COVID-19, Jerome Powell says America could start to return in this year's second half. Jerome..

Credit: Wibbitz Top Stories     Duration: 01:30Published