In a rare televised appearance, Federal Reserve Chairman Jerome Powell said the economy is set to turn around as more Americans get vaccinated and flock back to long-neglected industries, but he warned that the pandemic remains the"principal" risk to the economy if cases spike as a result of reopenings happening too quickly and signaled that cyber attacks on financial institutions are the Fed’s biggest concern at the moment....
Despite saying he's"highly confident" that the economy will emerge from the pandemic"better and more inclusive" than it was before, Powell urged Americans to"continue to socially distance and wear masks" for the foreseeable future and noted that nearly half of the 22 million jobs lost during the pandemic have yet to be recovered.
The long-bearish central banker cautioned against businesses reopening too soon and fueling a resurgence in the virus, saying that"the principal risk to our economy right now really is that the disease would spread more quickly." Though he acknowledged that asset prices do seem elevated by"some historical metrics," Powell kept to
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If Fed Chair Jerome Powell sounds ‘too optimistic' this week, he'll rattle Wall Street, Morgan Stanley warnsMorgan Stanley's Matt Hornbach sees enthusiasm as the biggest wild card at the Federal Reserve policy meeting. TradingNation Learn more about Doge coin now and set up an investment profile send a dm now TradingNation So dumb.... TradingNation thanks for this news
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Fed Chair Jerome Powell says the greatest risk to the US economic rebound is another wave of the coronavirusBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know. horrible Further DISTRACTION from much MORE DEVASTATING ISSUES!! Amazing foresight. He’s definitely earning his salary.
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Low-wage workers and mothers of color lost more in the pandemic economy, Fed Chair Powell saysBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
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