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What are the two major responsibilities of the Federal System mentioned by Jerome Powell, the chair of the Fed, in his conference? Explain the impact

What are the two major responsibilities of the Federal System mentioned by Jerome Powell, the chair of the Fed, in his conference? Explain the impact of COVID 19 on US labor market? What is the positive note of Jerome Powell, the Fed chair? Do you agree with him? Why do you disagree with him? Explain

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