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Federal Reserve Chairman Jerome Powell said the U.S. economy appears to be at an inflection point, with output and job growth poised to accelerate in the months ahead as long as the Covid-19 pandemic retreats.

Federal Reserve Chairman Jerome Powell said Wednesday that the central bank will begin to reduce the pace of its bond purchases “well before” raising interest rates

Federal Reserve Chairman Jerome Powell said Wednesday that the central bank will begin to reduce the pace of its bond purchases “well before” raising interest rates

Federal Reserve Chairman Jerome Powell said Wednesday that the central bank will begin to reduce the pace of its bond purchases “well before” raising interest rates

Federal Reserve Chairman Jerome Powell said Wednesday that the central bank will begin to reduce the pace of its bond purchases “well before” raising interest rates

Federal Reserve Chairman Jerome Powell says employment, economic output are about to start growing ‘much more quickly’

Federal Reserve Chairman Jerome Powell said the U.S. economy appears to be at an inflection point, with output and job growth poised to accelerate in the months ahead as long as the Covid-19 pandemic retreats.

We are at an economic “inflection point,” according to an April 11th CBS interview with Federal Reserve chairman Jerome Powell. “The principal risk to our economy right now really is that the disease would spread again more quickly,” Powell said.

Federal Reserve Chairman Jerome Powell said that the economy is going to start growing strongly in the second half of the year, but emphasized that that rebound shouldn’t lead anyone to believe that the central bank would dial up interest rates in 2021.

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The U.S. economy is set to make a turnaround, with increased growth that should provide more jobs, says Jerome Powell, the chairman of the Federal Reserve. Powell spoke with Scott Pelley Wednesday for a report airing tonight, on 60 Minutes.

“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.”

Because of the coronavirus pandemic, millions of Americans remain unemployed. Federal Reserve Chairman Jerome Powell said today we shouldn't forget that the U.S. is still down 11.5 million jobs since February.

“The burdens of the downturn have not been evenly shared. The initial job losses fell most heavily on lower-wage workers in service industries facing the public—job categories in which minorities and women are overrepresented.” - Chairman of the Federal Reserve Jerome Powell

Dr. Anthony Fauci warned on Tuesday that the U.S. could see 100,000 new coronavirus cases a day. In separate testimony, Jerome Powell, the Federal Reserve chairman, cautioned that “a full recovery is unlikely” until safety is restored.

Jerome Powell, Chairman of the Federal Reserve, says the trillions of dollars in additional federal debt to support the U.S. economy during coronavirus could be paid down over decades.

“Is there any limit to the amount of money the Fed is willing to put into this economy to keep it afloat? Is it a blank check?” @SavannahGuthrie  "... Essentially, the answer to your question is no," Federal Reserve Chairman Jerome Powell explains.

Who in the workforce is getting hurt most by the sharp economic downturn caused by coronavirus? “The most recently hired, the lowest paid people. It's women to an extraordinary extent,” says Federal Reserve Chairman Jerome Powell.

"Do you think we are already in recession?" @SavannahGuthrie  "We may well be in a recession. Again, I would point to the difference between this and a normal recession. There's nothing fundamentally wrong with our economy." -Federal Reserve Chairman Jerome Powell

New: Dow falls 653 points. The market had recovered late morning, but then plunged even lower after President Trump tweeted: “The only problem our economy has is the Fed.” Investors are concerned Trump may fire Federal Reserve Chairman Jerome Powell.

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