WASHINGTON – Federal Reserve Chairman Jerome Powell stressed Tuesday that the federal government's role in strengthening the U.S.
market in the face of a recession is vital in preventing a worsening of economic inequality.Powell said the the Fed would continue to deploy all its financial tools to help "get back as quickly as we can to a tight labor market.” And he reiterated his belief that Congress must avoid withdrawing its own rescue efforts too quickly or else the most disadvantaged households would disproportionately suffer.The chairman's remarks to a House committee came on the second day of his semi-annual testimony to Congress on monetary policy.