[The Hill] Federal Reserve Chairman Jerome Powell| ...he joined the Fed board in 2012, then was promoted to chairman in early 2018... |
In a speech Tuesday, Powell urged lawmakers to set aside concerns about the mounting national debt and provide the fiscal support necessary to keep the economy from spiraling deeper into the worst downturn since the Great Recession.
"Additional fiscal support could be costly, but worth it if it helps avoid long-term economic damage and leaves us with a stronger recovery. This trade-off is one for our elected representatives, who wield powers of taxation and spending," said Powell, a Republican who had urged Congress to cut deficits shortly before COVID-19 roiled the global economy.