Powell cautious about recovery in the US: “Incomplete and irregular”

Time.news – The economic recovery in the US is still “incomplete and irregular”. This was stated by the president of the Fed, Jerome Powell, who reiterated the intention of the US central institution to “maintain aid to the economy as long as it is needed“.

Speaking at a debate on the global economy organized on the sidelines of the International Monetary Fund’s autumn meeting, Powell stressed that “there are still 9-10 million Americans out of work compared to pre-pandemic levels“Too early, then, to think about a change in monetary policy.” I want to see real progress before I slow down purchases, “the Fed chairman said.

“I have another very difficult challenge that I am very focused on and it is just doing my best every day to serve all Americans.” So he replied to those who asked him about a possible second term at the head of the US central institution. “Millions of people will have a hard time finding their way back into the world of work and recovering the lives they had a year ago. We will not forget them“, he concluded.



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