• Millions of Americans will struggle to get back into the workforce and they'll need support, Fed's Powell says

    6 days ago - By Business Insider

    Summary List Placement A full rebound from the coronavirus recession won't be as simple as recouping every lost job, Federal Reserve Chair Jerome Powell said Thursday.
    The US economy is decidedly on the path to recovery. The March jobs report beat estimates and other indicators signal activity is bouncing back thanks to reopening and new stimulus. Continued vaccination suggests the coming months will show similarly encouraging trends.
    There's reason to be optimistic, but there's still plenty of work to do before the country is completely healed, Powell said in a virtual conference hosted...
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  • Fed's Powell: US nears full reopening to 'different economy'

    Fed's Powell: US nears full reopening to 'different economy'

    6 days ago - By Chron

    WASHINGTON - The U.S. economy, boosted by quickening vaccinations and signs of rapid hiring, is headed toward a strong recovery, Federal Reserve Chair Jerome Powell said Thursday.
    But he he cautioned not all will immediately benefit.
    “There are a number of factors that are coming together to support a brighter outlook for the U.S. economy," Powell said during the virtual spring meetings of the International Monetary Fund and World Bank. Those factors are putting the nation “on track to allow a full reopening of the economy fairly soon.”
    Still, Powell said many Americans who are out of work...
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  • Watch Fed Chair Jerome Powell debate the global economy with the IMF live

    6 days ago - By CNBC

    Federal Reserve Chairman Jerome Powell is participating in a virtual debate on the global economy presented by the International Monetary Fund.
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