COVID-19 fallout could last until 2021 in U.S., hard to recover without vaccine: Fed chief
- 4 years ago
美하원, 3700조원 추가 부양책 통과...파월, “경제 회복 과정, 내년말까지 이어질수도”
Federal Reserve Chairman Jerome Powell says he expects a economy recovery in the U.S. to stretch deep into 2021.
During an interview with CBS, he said the economy could steadily recover through the second half of the year but a complete rebound will depend on a vaccine for COVID-19.
He added the recovery would also depend on how Americans feel about their safety.
Amid the sluggish economy...House Democrats passed a three trillion dollar bill to address the economic caused by the COVID-19 pandemic.
However, the bill has been slammed by Republican leaders as hyper-partisan and President Trump has vowed to veto it... if it ever reached his desk.
The enormous plan would cost more than the prior four coronavirus bills combined.
Federal Reserve Chairman Jerome Powell says he expects a economy recovery in the U.S. to stretch deep into 2021.
During an interview with CBS, he said the economy could steadily recover through the second half of the year but a complete rebound will depend on a vaccine for COVID-19.
He added the recovery would also depend on how Americans feel about their safety.
Amid the sluggish economy...House Democrats passed a three trillion dollar bill to address the economic caused by the COVID-19 pandemic.
However, the bill has been slammed by Republican leaders as hyper-partisan and President Trump has vowed to veto it... if it ever reached his desk.
The enormous plan would cost more than the prior four coronavirus bills combined.