The Federal Reserve Chairman Jerome Powell said he expected U.S. economic growth to be"very strong" in the second half of this year as the country works its way out of the COVID-19 crash and tough lockdown measures.aired on Sunday night, Powell said the outlook for the U.S. economy had"brightened substantially" and claimed Americans would see job creation and wider growth"starting right now.
Speaking to CBS News on Sunday night, Powell said:"I would say that this growth we're expecting in the second half of this year is going to be very strong."
So it can make Joe look good
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Fed Chair Jerome Powell says U.S. economy is at an 'inflection point'Federal Reserve Chair Jerome Powell told CBS' '60 Minutes' in an interview broadcast Sunday that the U.S. economy is at an 'inflection point,' with growth and job creation forecasts looking strong.Of note: In his interview with CBS' Scott Pelley, Powell said it's 'highly unlikely' the Fed would raise interest rates this year.Get market news worthy of your time with Axios Markets. Subscribe for free.“I hate to even think. It would've been so much worse,” says Federal Reserve Chairman Jerome Powell about what would have happened to the economy if the COVID Relief Bill had never passed. “Congress, in effect, replaced people's income... It was heroic.” https://t.co/DBxHHcW2Hx pic.twitter.com/oFGfuZzoXb— 60 Minutes (60Minutes) April 11, 2021 Driving the news: '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,' Powell said in the interview.'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.'Yes, but: Powell's forecast is based on there not being another wave of COVID-19.'I would identify the principal risk to our economy right now really is that the disease would spread again more quickly,' Powell said.'We do see cases. They're at a much lower level. But we see them moving up now. And that's troubling. It's going to be smart if people can continue to socially distance and wear masks.'Threat level: Powell told Pelley the risk that the Fed was watching out for the most now was the threat of a cyber breach. Officials were bracing for a range of scenarios — from payment utility breakdowns concerning individuals and large financial institutions to the financial system being brought to a halt. 'There are cyber attacks every day on all major institutions now,' Powell noted.'And the government is working hard on that. So are all the private sector compan Yeah right! I have been seeing consistently mixed job 's meaning its hard to tell if we're adding or losing NET. Additionally, it's important to know WHAT TYPES OF JOBS are being added & how much are they paying. P/T min wage jobs are not CAREERS are CAREER jobs paying well being added?
Source: YahooNews - 🏆 380. / 59 Read more »
Fed Chair Powell Warns That Cyber Attacks And Covid-19 Spreading Again Are The Biggest Risks To The EconomyThe economy 'seems to be at an inflection point,' the Fed Chairman said in a rare televised appearance.
Source: Forbes - 🏆 394. / 53 Read more »
Fed Chair Jerome Powell says the greatest risk to the US economic rebound is another wave of the coronavirusBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know. horrible Further DISTRACTION from much MORE DEVASTATING ISSUES!! Amazing foresight. He’s definitely earning his salary.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Powell Sees Economy at Inflection PointFederal Reserve Chairman Jerome Powell says output and job growth are poised to accelerate in the months ahead as long as the Covid-19 pandemic retreats. PM me if you’re interested in earning $500 by online trading daily, PM me if you have a phone or PC let’s go ✅ Doubtful Just keep it steady
Source: WSJ - 🏆 98. / 63 Read more »