The principal risk to our economy right now really is that the disease would spread again. It's going to be smart if people can continue to socially distance and wear masks. — Jerome Powell, U.S. Federal Reserve Chairman
The principal risk to our economy right now really is that the disease would spread again. It's going to be smart if people can continue to socially distance and wear masks. — Jerome Powell, U.S. Federal Reserve Chairman
Fed Chair Jerome Powell says the greatest risk to the US economic rebound is another wave of the coronavirus
  • The US economy is about to start growing "much more quickly," Federal Reserve Chairman Jerome Powell told CBS.
  • The biggest risk to the economic recovery is another surge in coronavirus cases, Powell said.
  • He credited steady vaccinations, stimulus, and strong monetary policy for the rebounding economy.
In a preview of the interview, Powell said the US economy is at an "inflection point" more than a year after the virus forced widespread lockdowns, tangling supply chains, shuttering businesses, and leaving millions of Americans unemployed.

Powell said the economy is picking up steam "because of widespread vaccination and strong fiscal support, strong monetary policy support."

"We feel like we're at a place where the economy's about to start growing much more quickly and job creation coming in much more quickly. The principal risk to our economy right now really is that the disease would spread again. It's going to be smart if people can continue to socially distance and wear masks," Powell told CBS.
Read the full article: https://www.businessinsider.com/fed-chair-powell-another-wave-pandemic-risk-us-economic-recovery-growth-2021-4