Fed’s Jay Powell: Too much stimulus is better than too little

City A.M. | Oct 6, 2020 at 6:55 PM
  • It is better for US policymakers to do too much to try to help the economy than to do too little, US Federal Reserve chair Jay Powell said in some of his most pointed comments about stimulus to date.
  • The remarks were aimed at Congress and the White House.
  • In the second quarter, the US economy contracted by an enormous 9.5 per cent quarter on quarter.