The U.S. economic recovery remains "uneven and far from complete" and it will be "some time" before the Federal Reserve considers changing policies it adopted to help the country back to full employment, Fed Chair Jerome Powell said on Tuesday.
In a congressional hearing dominated by talk of the pandemic and what may be needed to heal the economy from its effects, Fed Chair Jerome Powell on Tuesday had a subtle message for U.S. senators evaluating their options.
Over the past year Federal Reserve Chair Jerome Powell has engineered the largest economic rescue in U.S. history, thrown a controversial lifeline to companies hard hit by the coronavirus pandemic and steered a sweeping labor-friendly revamp of monetary policy that any presidential.
Dallas Federal Reserve President Robert Kaplan on Monday said his forecast for 5% U.S. GDP growth this year could be an underestimate, given the likelihood of further fiscal support and the rollout of vaccines.
Dallas Federal Reserve President Robert Kaplan on Monday said his forecast for 5% U.S. GDP growth this year could be an underestimate, given the likelihood of further fiscal support and the rollout of vaccines.