Posted on 04/12/21
| News Source: The Hill
Federal Reserve Chair Jerome Powell said in an interview scheduled to air Sunday evening that the U.S. economy is at an “inflection point” due to widespread COVID-19 vaccinations and “strong monetary policy support.”
“We feel like we’re at a place where the economy is about to start growing much more quickly and job creation coming in much more quickly, so the principal risk to our economy right now really is that the disease would spread again,” Powell told CBS’s “60 Minutes.”
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“It’s going to be smart if people can continue to socially distance and wear masks,” he added.
Read more at The Hill.