https://youtu.be/PtNO3zzex7U
During a “60 Minutes” interview, Chairman of the Federal Reserve Jerome Powell said that the US economy is ready for acceleration in growth and job creation, but that the one unknown that could greatly adversely impact a recovery is a new wave of coronavirus infections, according to CNN.
“What we’re seeing now is really an economy that seems to be much at an inflection point. And that’s 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,” Powell said. “But that’s only if there isn’t another wave of COVID-19. 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.”