2/23, 4:24 PM (Source: TeleTrader)
more TeleTrader news

Vaccination best policy for economic growth - Powell

Federal Reserve Chair Jerome Powell agreed on Tuesday that coronavirus vaccinations are the "single best policy" for returning the economy to growth as he delivered his semiannual monetary policy testimony before the House Committee on Banking, Housing, and Urban Affairs.

Furthermore, the Fed chair said that progress in vaccinating against COVID-19 has improved the economic outlook for later this year while acknowledging that the path ahead still remains "uncertain."

Regarding rising asset prices, Powell also acknowledged there is a "link" between the liquidity provided by the Fed and elevated asset prices, along with several other contributing factors.

Breaking the News / JC