At a meeting with representatives of workers, small businesses, employers and non-profits, Federal Reserve Chairman Jerome Powell and Philadelphia Fed President Patrick Harker spoke about the ongoing efforts to redevelop and grow the economy. Powell acknowledged the persistence of the problems caused by the pandemic and focused on helping the economy achieve good health. With the goal of achieving price stability and maximum employment, Harker reasserted the importance of the Federal Reserve's role. As the meeting began, Bitcoin prices dropped below $28,000, with a negative premium of -0.4 to the S&P 500. More updates may follow as other speakers join and Chairman Powell continues to address the audience.



Other News from Today