Economics
Powell Says Economy Poised for Stronger Growth, Virus a Risk
- Fed chair tells ‘60 Minutes’ economy is at ‘inflection point’
- ‘Determined to understand’ what happened in Archegos collapse
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Federal Reserve Chair Jerome Powell said the U.S. economy is at an “inflection point” with stronger growth and hiring ahead thanks to rising vaccinations and powerful policy support, but Covid-19 remains a threat.
“We feel like we’re at a place where the economy is about to start growing much more quickly and job creation coming in much more quickly,” Powell told CBS’s “60 Minutes” in an interview conducted Wednesday, according to a transcript of the interview that aired Sunday.