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2/10/2021, 8:27 PM (Source: TeleTrader)
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COVID crisis different from prior ones - Powell

Federal Reserve Bank Chair Jerome Powell stated on Wednesday that the crisis prompted by the coronavirus pandemic differs from crises that the country's economy has had a chance to weather.

During an event organized by the Economic Club of New York, Powell asserted that the COVID-19 pandemic turned out to be an "unknown" which forced the economic experts to learn and read about its various aspects on the move.

"Our job is not to replace [top US epidemiologist] Dr. [Anthony] Fauci," Powell noted, adding that the economists still have to grasp the extent to which the vaccination and the spread of the virus could impact the economy.

Baha Breaking News (BBN) / BU