Watch Fed chair Jerome Powell's opening testimony to Congress on CARES Act

Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin head to Capitol Hill on Tuesday for the first of a two-day trip to provide mandated updates on CARES Act funding. In prepared remarks, Powell said the Senate Finance Committee that the Fed’s portion of the money has served as “a backstop to key credit markets and have helped restore the flow of credit from private lenders through normal channels.”
Tue, Dec 1 202010:37 AM EST