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  • The resurgence in coronavirus cases in recent weeks is weighing on US economic activity, and recovery will depend on policies to provide support, Federal Reserve Chair Jerome Powell said Wednesday. American consumers will not return to spending until they feel it is safe to do so, and in the meanwhile Powell said some additional support will be needed to make it through the worst crisis in recent memory. "The path forward will also depend on policy actions taken at all levels of government to provide relief and to support the recovery for as long as needed," Powell told reporters. hs/cs
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  • US Fed's Powell: Recovery depends on government relief
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