Quickly in responding to this crisis. Solutions,creative keeping credit flowing to houses and businesses and prepare the economy so they can recover when this virus so it can recover when this virus recedes. And it surely will, ladies and gentlemen. Your work, sir, and that of your colleagues, is far from over, but we are in good hands under your leadership. Indeed, leaders are tested in times of crisis and this crisis tests our leadership in no uncertain terms. You have risen to the occasion. It is safe to say we and all americans have appreciated your calm, decisive leadership in this moment of peril and on behalf of of all of us at brookings, please let me commend you on the powerful example of American Leadership you have set for us all and continue to display every single day as you perform your duties. You are an inspiration and example to all of us. As for today, we will shortly give you the opportunity for your remarks and then i will turn the stage over to my good friend, davi
Claims in the Central Banks role during the pandemic. Ladies and gentlemen, good morning and welcome to brookings , this mornings brookings presentation. My name is john allen, i am the president of the institution and it is my great pleasure to welcome to this virtual stage our honored guest, Federal Reserve chair, jay powell. At this moment of unprecedented challenge, not only to our Public Health system and our health in general, there is an enormous challenge to our economy and chair powell and his colleagues moved forcefully and quickly in responding to this crisis. Solutions,creative keeping credit flowing to houses and businesses and prepare the economy so they can recover when this virus so it can recover when this virus recedes. And it surely will, ladies and gentlemen. Your work, sir, and that of your colleagues, is far from over, but we are in good hands under your leadership. Indeed, leaders are tested in times of crisis and this crisis tests our leadership in no uncertain
Welcome to this virtual stage our honored guest, Federal Reserve chair, jay powell. At this moment of unprecedented challenge, not only to our Public Health system and our health in general, there is an enormous challenge to our economy and chair powell and his colleagues moved forcefully and quickly in responding to this crisis. Solutions,creative keeping credit flowing to houses and businesses and prepare the economy so they can recover when this virus so it can recover when this virus recedes. And it surely will, ladies and gentlemen. Your work, sir, and that of your colleagues, is far from over, but we are in good hands under your leadership. Indeed, leaders are tested in times of crisis and this crisis tests our leadership in no uncertain terms. You have risen to the occasion. It is safe to say we and all americans have appreciated your calm, decisive leadership in this moment of peril and on behalf of of all of us at brookings, please let me commend you on the powerful example of
Welcome to this virtual stage our honored guest, Federal Reserve chair, jay powell. At this moment of unprecedented challenge, not only to our Public Health system and our health in general, there is an enormous challenge to our economy and chair powell and his colleagues moved forcefully and quickly in responding to this crisis. Solutions,creative keeping credit flowing to houses and businesses and prepare the economy so they can recover when this virus so it can recover when this virus recedes. And it surely will, ladies and gentlemen. Your work, sir, and that of your colleagues, is far from over, but we are in good hands under your leadership. Indeed, leaders are tested in times of crisis and this crisis tests our leadership in no uncertain terms. You have risen to the occasion. It is safe to say we and all americans have appreciated your calm, decisive leadership in this moment of peril and on behalf of of all of us at brookings, please let me commend you on the powerful example of
Locations. Its an historic morning as the fed injects 2. 3 million in loans into the american economy. Powell has a live webcast in about an hour. We have the opec plus meeting to watch. Jobless claims, 6 million for a second week. But your point a moment ago is the fed is helping to take a credit crunch off the table and all we need at this point is a break on the science the fed is not going to be the reason why we go into a depression they want to stop that they want to make it a recession. Sometimes, i mean look, i was critical just a couple years ago when powell was talking about tightening when the economy was actually getting weaker. He is so far ahead of the curve that it will be studied. We will be studying this period, and we will say, unlike 1937, when the fed got tight and they threw us back into depression, we will say that jerome powell, after being a little unsure about how to handle things, decided to go out front and said we will make it so that if you want to make loa