Article

2021-03-23 Economy

US economy healing but not fully recovered: Federal Reserve chief

[Aljazeera] The United States economy is "much improved," says Federal Reserve Chair Jerome Powell, crediting Congress and the central bank both for providing "unprecedented" support, but at the same time warning that the recovery is still "far from complete".

"The recovery has progressed more quickly than generally expected and looks to be strengthening," Powell said in remarks prepared for delivery to a congressional hearing on Tuesday morning. Household spending has risen, he said and the housing sector has more than fully recovered.

Posted by Besoeker 2021-03-23 02:32|| || Front Page|| [11133 views ] Top

#1 When the price of gas jumped 30 cents in less than a week, that is the underlying cost to everything moved in the economy, that is a signal that you can kiss any recovery goodbye.

Posted by Procopius2k 2021-03-23 07:15|| 2021-03-23 07:15|| Front Page Top

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