The Chairman of the US Federal Reserve (Fed), Jerome Powell, shared a mixed perspective on the future of the American economy on Sunday during a 60 Minutes interview.
Powell expressed hope that the market would recover steadily through the second half of the year. This would, he said, depend in some measure on the risk of a second wave of COVID-19.
Powell’s hopes are pinned largely on the measures already taken. These include a Fed funding rate of 0%, massive liquidity measures, and the $2.2 trillion stimulus package passed by Congress in April.
He did, however, express a belief that full recovery could take far longer — perhaps until the end of 2021.

Disclaimer
All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

Jon Buck
With a background in science and writing, Jon's cryptophile days started in 2011 when he first heard about Bitcoin. Since then he's been learning, investing, and writing about...
With a background in science and writing, Jon's cryptophile days started in 2011 when he first heard about Bitcoin. Since then he's been learning, investing, and writing about...
READ FULL BIO
Sponsored
Sponsored