FILE PHOTO: Federal Reserve Chairman Jerome Powell, wearing a face mask, testifies before the House of Representatives Financial Services Committee during a hearing on oversight of the Treasury Department and Federal Reserve response to the outbreak of the coronavirus disease (COVID-19), on Capitol Hill in Washington, U.S., June 30, 2020. Tasos Katopodis/Pool via REUTERS
July 2, 2020
WASHINGTON (Reuters) – Federal Reserve Chair Jerome Powell continued to talk regularly with Treasury Secretary Steven Mnuchin and key U.S. lawmakers in May as the U.S. began to turn the corner on the economic fallout from the coronavirus pandemic, Fed records released on Thursday showed.
Powell and Mnuchin conducted 16 phone calls during the month, down from 21 in April, the readout of Powell’s calendar indicated, but still well above their usual frequency before the health crisis began to pummel the economy.
In addition, Powell held 20 calls with key U.S. lawmakers, 6 more than in April.
(Reporting by Ann Saphir and Lindsay Dunsmuir; Editing by Chizu Nomiyama)