US' Pelosi urges Fed's Powell to help local governments hit by coronavirus

• In a telephone call lasting 25 minutes, Powell briefed the speaker on the Fed's actions to respond to the virus.

In a telephone call lasting 25 minutes, Powell briefed the speaker on the Fed's actions to respond to the virus. "The Speaker was encouraged by the Chairman's perspective that with interest rates at nearly zero Congress is enabled to fiscally think big as we craft a robust response," the senior Democratic aide said.