Jerome Powell's performance as head of the Federal Reserve has improved, the president said, but stressed he still disagrees with him on lending rates.
Jerome Powell cautioned that longstanding recessions could "weigh on growth for years to come" and urged Congress and the White House to act.
All 14 House members involved have received campaign contributions from the lenders.
The shape of the economic recovery will depend on the central bank.
The Federal Reserve could oversee an economic recovery or a once-in-a-century heist. It has the power to choose.
Jerome Powell advised that resuming economic activity should come once "we get the spread of the virus under control."
Welfare for the rich will do nothing to assuage the coronavirus crash.
The Fed said it will provide loans to banks to buy assets from money market mutual funds.
Trading on Wall Street’s three main stock indexes was halted for 15 minutes shortly after the open as the S&P 500 index plunged 8%, crossing the 7% threshold that triggers an automatic cutout.
The only catch? There's much more demand than lenders can reasonably handle.