Stock market live updates: Stocks flatline, winning streak in jeopardy, follow Powell here

New York Stock Exchange building is seen with the Fearless Girl Statue during Covid-19 pandemic in Lower Manhattan, New York City, United States on May 26, 2020.Stocks fluctuated between losses and gains in the volatile session as investors continued to monitor the coronavirus developments and the progress of the economic recovery. Big tech stocks provided some support to the broader market, while classic reopening plays such as cruise lines and airlines were lower.

Federal Reserve Chairman Jerome Powell reiterated the central bank's stance to keep doing what it can to help the recovery, and he urged Congress to do the same. "We're not thinking about putting down our tools for a long time," Powell told House members during the second day of his semiannual testimony on Capitol Hill. Over the past three months the Fed has deployed multiple lending and liquidity programs and cut its benchmark rate to near zero.

Powell said the Fed is aware of the shortages and said, "the flow of coins through the economy has ... kind of stopped. The places where you'd go to give your coins and get credit ... those have not been working. So, a whole system of flow has kind of come to a stop. We're well aware of this: We're working with the mint and we're working with the Reserve banks. And as the economy reopens, we're seeing coins begin to move around again.

from exchange-traded funds eventually, Chairman Jerome Powell said. "Over time we'll gradually move away from ETFs and move to buying bonds," Powell said. "It's a better tool for supporting liquidity and market functioning."—Fed chair Jerome Powell said in his Congressional testimony that the central bank takes issues of diversity and inclusivity seriously. "We are definitely recommitting ourselves to enforcement of fair lending laws.

"I would agree that Congress has already provided significant fiscal support. And that support is now having a positive effect on the economy. We see it in consumer spending, in income data, we see it in payrolls: all of that is helping. I would just note that there are something like 25 million people who are still ... who have been dislodged from their job in full or in part due to the pandemic.

Waters needs IMPEACHED

So give or take $1.6 trillion to unemployment. Business and $$ to residents so where’s the other $1.4 trillion going?

Fed Chair Powell do you think Maxine Waters, at her elevated age can live that long? Gawd forbid!

Money doesn’t grow on trees!

Defund the Protesters collecting Unemployment. It’s not a job. Time to return to work & rebuild the Cities you burned & looted.

Would be wise if he just shut up and closed his money pumping firm.

Welcome to this broadcast have a look

Corruption

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market live Monday: Tech stocks lead, Dow bounces from 762-point loss, Fed helps rally'The consumers have already come out of the gates very strong in this reopening phase,' Deutsche Bank retail analyst Paul Trussell says. Here are the names he's watching. Yes consumers coming strong.. but covid coming hard.. I love kohls High school students in Turkey is currently very tense. Despite the dangers of COVID-19, exams were not delayed. We are in danger. the government is silent on this issue. support us TurkishStudentLivesMatter
Source: CNBC - 🏆 12. / 72 Read more »

Stock market live updates: Tech stocks lead, Dow bounces from 762-point loss, Fed helps rallyStocks rebounded today after a steep sell-off. Here's what 5 experts say you should watch for next. TMobile we pay way too much for these phones to not be working smh it’s been over a hour now How much money the FED will print and hand to Billionaires maybe? That is moving the markets.
Source: CNBC - 🏆 12. / 72 Read more »

Stock market live updates: Dow up 700, retail sales roar back, waiting for PowellStocks surge at the open this morning, with the Dow jumping more than 800 points. Follow along with the latest stock market updates here: I just need fucking affordable healthcare and this is where all the money goes? WtF Could it be that with interest so abysmally low, there is no place else to park our $$s?
Source: CNBC - 🏆 12. / 72 Read more »

Powell says the Fed doesn't want to 'run through the bond market like an elephant'Powell said the central bank's announced move this week to buy corporate bonds fulfills a pledge it had made earlier but is not an effort to take over the market. Said THE elephant to the mice........ This was an extremelely vague & incompetent answer by Powell Socialism ?
Source: CNBC - 🏆 12. / 72 Read more »

Fed Chair Powell says strong job market can reduce U.S. racial inequalityThe best way the Federal Reserve can help reduce racial inequality is to return the U.S. labor market to its pre-coronavirus strength, U.S. Fed Chair Jerome Powell said on Tuesday, as he sidestepped questions over whether the Fed itself contributes to the problem. How ignorant! well, it does make them less likely be unemployed and more likely to find time to protest the inequalities. Who cares about the job market? Only market that's important is stocks! And Jay's portfolio is shooting up
Source: Reuters - 🏆 2. / 97 Read more »