"Jerome Powell"

Federal Reserve Chair Jerome Powell on Wednesday said that the delta variant of the coronavirus could have fewer implications for the economy, if it follows the pattern of past waves of covid surges.

When Federal Reserve policymakers gather this week to discuss the U.S. economic recovery from the pandemic, theyll see a job market thats improving at a faster pace for some than for others.

Federal Reserve Chair Jerome Powell warned in an interview broadcast Sunday that reopening the economy too quickly could lead to another worrisome jump in coronavirus cases, saying that the United States has not completely turned the corner and that the pandemic continues to pose major risks to any recovery.

The unprecedented $9 trillion rescue mission by central banks to haul the world economy from its coronavirus recession is being tested as rising bond yields and inflation bets threaten their ability to keep borrowing costs down.

Federal Reserve Chair Jerome Powell said Wednesday that getting Americans vaccinated is the most important thing to help the economy, comments that could boost President JoeBiden's push to pass a massive new relief package that includes big spending on vaccines.