TELETRADER News
10/2, 5:44 PM
(Source: TeleTrader)
Powell: Pandemic effects still exist
United States Federal Reserve Chair Jerome Powell said on Monday that the country is "still coming through the other side of the [coronavirus] pandemic."
Taking part in a roundtable in York, Pennsylvania, Powell noted that "many small cities have a hard time" after the pandemic, especially when it comes to manufacturing. He emphasized that planning was a significant factor for businesses that overcame challenges at that point in time.
The US has a "very strong labor market" now compared to the pandemic period, Powell underscored.