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Economy will not fully recover without a vaccine, says Fed chief

By Le Figaro with AFP

The boss of the American Central Bank estimated Sunday that the first economy of the world will be able to recover completely from the shock caused by the pandemic of Covid-19 only with a vaccine, in a rare interview in the rather optimistic tone.

If we assume that there will be no second wave (of infections) by the coronavirus, I think that we will see the economy gradually heal throughout the second half of this year“Jerome Powell said, according to a short extract from a rare interview with CBS, which will air in its entirety on Sunday evening. “However, for the economy to recover fully, people need to regain full confidence, it may be necessary to wait for a vaccine to arrive“, He stressed.

The Trump administration has retained 14 vaccine candidates and promises to be able to deliver hundreds of millions of doses to the American population by January 2021. The American economy has been severely hampered by majority containment measures of the country’s population in an attempt to stem the epidemic which has already killed nearly 90,000 people in the country.

See also – Trump hopes for vaccine by the end of the year, “maybe before”

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