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Powell says coming months to be challenging as virus spreads

From bnnbloomberg.ca

The U.S. economy could be in for a challenging few months as COVID-19 spreads -- despite recent positive news about vaccine development, Federal Reserve Chair Jerome Powell said. “We do see the economy continuing on a solid path of recovery, but the main risk we see to that is clearly the further spread of the disease here in the United States,” Powell said Thursday during a panel discussion at a virtual conference hosted by the European Central Bank. “With the virus now spreading, the next few months could be challenging.” Fed officials made no changes to their policy stance last week at a meeting following the U.S. ... (full story)

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