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Powell sees Pickup in Economic Growth Ahead

Published by

December 5, 2024
(GMT+2)

Federal Reserve Chairman Jerome Powell stated that a resurgence of Covid-19 remains the main risk towards the economic outlook.Federal Reserve Chairman Jerome Powell stated that the US economy seems to be at an inflection point, with output and job growth poised to accelerate in the months ahead as long as the Covid-19 pandemic retreats.“We feel like we’re at a place where the economy’s about to start growing much more quickly and job creation coming much more quickly, “ Mr. Powell stated in an interview to be broadcast Sunday evening on CBS’s “60 Minutes.” He stated that the Fed’s prediction is that the economy could produce roughly one million jobs a month for “a string of months.”The central-bank chief urged Americans to continue socially distancing and wearing masks, stating that a reappearance of Covid-19 remains the main risk to the economic outlook.

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