Fed chair warns US economic recovery 'uneven and far from complete'

  • Fed chair warns US economic recovery 'uneven and far from complete'

     Anonymous updated 4 days, 8 hours ago 1 Member · 1 Post
  • Anonymous

    Member
    February 23, 2021 at 1:21 PM

    Jerome Powell worried by high unemployment in US economyRejects Republican suggestion stimulus will lead to inflation

    The US economic recovery “remains uneven and far from complete,” Federal Reserve chair Jerome Powell told a committee of US senators Tuesday.

    In his semi-annual update on monetary policy, his first delivered under Joe Biden’s presidency, Powell indicated the Fed would not be changing monetary policy any time soon, given the slow recovery in the labor market.

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