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caused significant economic suffering as millions of americans lost their jobs, and businesses struggled to keep their doors open. congress took decisive action to ease this pain, appropriating unprecedented relief for small businesses and workers who lost their jobs, first through the c.a.r.e.s. act, and later, under president biden through the american rescue plan. these laws funded the small business administration's paycheck protection program, or ppp. and the economy injury disaster loan program, or eidl, we call eidl, as well as expanded unemployment insurance. unfortunately, c...

how you and your colleagues had set the expectations during the interim meeting. . you said what changed was the inflation expectations data. was there something you saw that was unsettling enough to risk eroding credibility of your verbal guidance by doing something so different from what you had socialized before? chair powell: we look at a broad range of inflation expectations. you have the public, surveys of the public and experts, and we have market-based. if you look at the broad range of market data, you see expectations are still very much in the place where short-term inflat...

of the committee at anytime. i now recognize myself for an opening statement. if -- the coronavirus crisis caused significant economic suffering as millions of americans lost their jobs, and businesses struggled to keep their doors open. congress took decisive action to ease this pain, appropriating unprecedented relief for small businesses and workers who lost their jobs, first through the c.a.r.e.s. act, and later, under president biden through the american rescue plan. these laws funded the small business administration's paycheck protection program, or ppp. and the economy injury...

caused significant economic suffering as millions of americans lost their jobs, and businesses struggled to keep their doors open. congress took decisive action to ease this pain, appropriating unprecedented relief for small businesses and workers who lost their jobs, first through the c.a.r.e.s. act, and later, under president biden through the american rescue plan. these laws funded the small business administration's paycheck protection program, or ppp. and the economy injury disaster loan program, or eidl, we call eidl, as well as expanded unemployment insurance. unfortunately, c...

S p 500 also at a new ale time high of 1781, up 14. 25 points. The dow and s p closing at alltime highs. Bob, this meltup keeps happening. Dow jones industrial average, we were weak throughout the morning. Frankly going into european close around noon it started lifting. Not a lot of big macro news out there but Janet Yellens testimony tomorrow creating considerable question. May be more dovish than some anticipated. We dont have that testimony yet, but that was a source of a lot of speculation today. A lot of groups that have beaten up, moved to the upside. Good news on the fundamentals on re...