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The president of the United States Federal Reserve (Fed), Jerome Powell, stated that the increase in new types of coronavirus cases (Kovid-19) represents a risk for the economic recovery, “As the virus spreads, the next months can be a challenge. ” said.
The president of the United States Federal Reserve (Fed), Jerome Powell, stated that the increase in new types of coronavirus cases (Kovid-19) represents a risk for the economic recovery, “As the virus spreads, the next months can be a challenge. ” said.
Powell spoke at the 2020 Central Banking Forum of the European Central Bank (ECB), held via videoconference.
Powell, who was cautious about the advances in vaccine studies for Covid-19, said it was “too early” to assess the consequences of the progress made in vaccination.
Powell noted that the increase in Covid-19 cases could weaken the recent economic recovery, saying: “We see the economy moving towards a strong recovery, but the main risk here is a further spread of the disease in the United States.” said.
“As the virus spreads, the next few months can be challenging,” Fed Chairman Powell said. found the evaluation.
Noting continued uncertainty and the need for fiscal policy, Powell said, “I think we will have to do more. Congress may need to do more on fiscal policy.” used expressions.
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