Fed to keep on with crisis fight, Powell sa ys

Federal Reserve Chair Jerome Powell on Friday reiterated the U. S. central bank’s promise to use its tools to shore up the economy amid the coronavirus pandemic, even as investor attention is turning to the next phase of its response. “This is an emergency of a nature we haven’t really seen before,” Powell said in a webcast event. Details of the U.S. central bank’s coronavirus- era programs are nearly complete, and the Fed is “days away from making our first loans” under the Main Street lending facility, he added. Now investors are looking for clues about when the Fed may restart large- scale bond-buying. Reuters