Federal Reserve Chairman Jerome Powell speaks to reporters after the Federal Reserve cut interest rates in an emergency move designed to shield the world’s largest economy from the impact of the coronavirus, during a news conference in Washington, on March 3, 2020. (Kevin Lamarque/Reuters) Federal Reserve Chairman Jerome Powell said in a news conference on July 28 that he does not see the Delta variant of the CCP virus as a major threat to the U.S. economy.
“What we’ve seen is with successive waves of COVID over the past year and some months now,” Powell said at a news conference, “there has tended to be less in the way of economic implications from each wave. We will see whether that is the case with the Delta variety, but it’s certainly not an unreasonable expectation.”
When the pandemic hit the U.S. last year, the Federal Reserve dropped its benchmark interest rate to […]
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