10/2, 5:44 PM (Source: TeleTrader)
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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.

Baha Breaking News (BBN) / MS