The US will emerge stronger from the crisis, said the head of the Fed

The head of the US Federal Reserve (Jerome Powell) reiterated in his contribution to the Wall Street Journal that the Fed will leave monetary policy loose and will do everything to support the economic recovery. According to him, the USA will emerge from the crisis stronger than many times in the past. "The recovery is far from complete, so the Fed will continue to provide the necessary support to the economy for as long as necessary," Powell said. The Fed did not change its monetary policy stance on Wednesday, keeping its key rate virtually at zero. It will also continue the program, in which it buys bonds for at least $ 120 billion (€ 100.92 billion) a month. The central bank has also promised not to change monetary policy until the economy returns to full and inclusive employment, even if inflation exceeds the target of two percent for some time.