Fed Chair Paves Way for a Period Of lower Rates.

The article reports on the announcement by U.S. Federal Reserve chairperson Jerome H. Powell in August 2020 of a major shift in economic and monetary policies amidst the Covid-19 pandemic. In his briefing, Powell said that the focus will be on job growth and low interest rates to guard against the effects of inflation and unemployment. The policies are expected to result in cheap mortgages, more business loans, and solid job market.