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Pascrell again urges Federal Reserve chairman to buy state, local debt

By Nikita Biryukov, November 23 2020 3:17 pm

Rep. Bill Pascrell (D-Paterson) again urged Federal Reserve Chairman Jerome Powell to buy more state and municipal debt carried by localities hammered by the ongoing pandemic in a letter Monday.

“Difficult moments require decisive leadership. Let me be as direct as I can: you are not doing nearly enough to help this nation and its citizens weather this unprecedented crisis, and in so doing, failing the country in its moment of need,” Pascrell said.

Pascrell issued similar calls on April 6 and April 17.

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