Fed Chair Jerome Powell also stressed the need for more stimulus from Washington, noting 11 million people are still out of work due to the pandemic.
But United States President Donald Trump on Twitter urged Republicans in Congress to"go for the much higher numbers," without specifying what he meant. "After the initial bounce-back in many activities following the easing of confinement measures, there are some signs from high-frequency indicators and business surveys that the pace of the global recovery has lost momentum since June, particularly in many advanced economies," the OECD said.