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Fed Tells Congress to Pony Up More Cash for COIVD-19 Aid

The Federal Reserve chairman, Jerome Powell, beat the drums for more coronavirus (COVID-19) aid in Congressional testimony last week. Additionally, admonitions came aplenty. The $3 trillion Congress has already spent is not enough, the Fed head said. Of course, what all this new debt might mean for your grandchildren’s taxes was not discussed.

He warned the House Financial Services Committee that recent economic gains were at risk if Congress pulled back too quickly on aid for workers and busin...

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