11 april 2021
22:09
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The US economy is at an inflection point. So said the chairman of the US central bank, Jerome Powell, on Sunday. ‘Increasing vaccinations and strong stimulus measures mean stronger growth and job creation.’
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The chairman of the US Federal Reserve (Fed), Jerome Powell, was a guest on Sunday in ’60 Minutes’ on the US channel CBS. In an interview he shed light on the country’s economy.
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‘We have the feeling that the economy is about to grow faster and faster. Stronger job creation is also in the offing, ‘he said. That the future looks a bit brighter, the Fed chief attributes to the increasing vaccinations in the country and to the immense stimulus package that was pushing President Joe Biden through the US Congress.
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‘The economy seems to be at an inflection point. That’s thanks to widespread vaccinations, stimulus measures and monetary policy, ”he said.
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At the same time, Powell warned against over-optimism. ‘The biggest risk to our economy? That the lung disease will spread again. It would be wise if people keep their distance and continue to wear face masks. ‘
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Fed members do not fail to point out regularly that the US economy continues to need aggressive monetary policy as it recovers from the pandemic. The statements propelled US stocks to new records. Investors are shaking off concerns about inflation for the time being.
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