The trajectory of Covid-19 remains key to the US recovery and until it is eradicated, more emergency spending will be “essential” to support the economy, Federal Reserve Chair Jerome Powell said on Thursday. But with America’s knife-edge election and the potential for a split government in Washington makes it less likely Congress will end months of gridlock and quickly approve another giant spending package to help workers and businesses. Democratic challenger Joe Biden appeared well-positioned to unseat President Donald Trump, but Republicans could retain control of the Senate — although the final outcome may not be known for weeks, until after at least one run-off election in Georgia. Pow
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