Economics
Powell Warns of U.S. Economy Risk With Pandemic at Deadliest Yet
- Bailey, Lagarde echo Fed chief’s caution on economic outlook
- Central bank chiefs see short, long-term risks from pandemic
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Three of the world’s top central bankers warned Thursday that the prospect of a Covid-19 vaccine isn’t enough to put an end to the economic challenges created by the pandemic.
“We do see the economy continuing on a solid path of recovery, but the main risk we see to that is clearly the further spread of the disease here in the United States,” Federal Reserve Chair Jerome Powell said during a panel discussion at a virtual conference hosted by the European Central Bank. “With the virus now spreading, the next few months could be challenging.”