Federal Reserve Warnings On Economy Fail To Resonate With Congress

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The Federal Reserve this week will hold its last policymaking meeting before the elections as the central bank’s calls for further coronavirus relief fail to shake Congress out of a deepening stalemate.

Close coordination between bank officials and lawmakers helped dampen the initial blow of the pandemic in March, but Fed leaders have since become increasingly alarmed at the lack of progress toward another rescue package.

Despite broad areas of agreement and a shared desire to approve more fiscal aid, congressional Democrats and Republicans remain deeply divided over the scale and scope of another economic relief bill and have all but ruled out a breakthrough before the election.

Read more at The Hill.

{Matzav.com}

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