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9/16, 9:09 PM (Source: TeleTrader)
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Fed's Powell: We're learning to live with COVID-19

Federal Reserve Chairman Jerome Powell stated on Wednesday that the United States economy is "learning to live" with the ongoing coronavirus pandemic, although some areas of the economy will continue to struggle without a vaccine.

The official said that a large part of the country is engaging in economic activity, asserting that all of the recovery seen until now has been done with people still at risk of getting infected.

Powell stressed the importance of social distancing and testing which would limit the spread of the virus and in turn help bring the economic activity back to the levels close to where they were before the pandemic.

Breaking the News / MD