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LIVE: Fed Chair Powell highlights, stocks rally

Added 02-24-21 01:04:02pm EST - “Follow Fed Chair Powell's second day of testimony on the U.S. economy.” - Foxbusiness.com

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Posted By TheNewsCommenter: From Foxbusiness.com: “LIVE: Fed Chair Powell highlights, stocks rally”. Below is an excerpt from the article.

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Federal Reserve Chair Powell is deliveringing day two of his testimony on the state of the U.S. economy in his Semiannual Monetary Policy Report.

Stocks have erased earlier losses roughly two hours into his remarks, despite an uptick in bond yields.

Powell is addressed the state of the pandemic and its impact on the economy and is defending the Fed's role in keeping monetary policy accommodative. As for fiscal policy, he's tossing it back to lawmakers.

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