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"We're Not Going Back," Says Fed Chair: What Investors Should Know About an Economy Forever Changed


Channel3000.com
December 13, 2020 6:19 AM
newsfeedback@fool.com (Ryan Downie)
Posted:
Updated:
December 14, 2020 12:02 PM
In November, Federal Reserve chairman Jerome Powell made a troubling assertion about the global COVID-19 pandemic and its long-term consequences. “We’re not going back to the same economy,” Powell said to a San Francisco-based economic development group, “we’re going back to a different economy.”
While the timeline for economic recovery is unclear, the Fed chair believes that the business world will be vastly different when things finally return to normal. The shakeup has ramifications for the industries that are likely to dominate business moving forward, and investors would be wise to consider these forces when putting together long-term stock portfolios. ....

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