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Powell: US economy gaining, but recovery 'far from complete'

Usa Washington county Jerome city Powell, county Jerome pandemic vaccine economy
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WASHINGTON – Federal Reserve Chair Jerome Powell reiterated his belief Friday that while the U.S. economy has been steadily rebounding from the devastation caused by the pandemic recession, the recovery is far from complete and needs continued support from the Fed.

In an opinion piece posted Friday in the Wall Street Journal, Powell characterizes the economy as much improved, with about half the 20 million jobs that were lost to the pandemic having been recovered and with the outlook brightening as vaccinations are more widely administered.

Yet he adds, “The recovery is far from complete, so at the Fed we will continue to provide the economy with the support that it needs for as long as it takes." Powell's message reinforces points he made

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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