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Fed's Powell says full economic recovery may require coronavirus vaccine: CBS
Federal Reserve Chairman Jerome Powell said a U.S. economic recovery may stretch deep into next year and a full comeback may depend on a coronavirus vaccine. “This economy will recover. It may take a while ... It could stretch through the end of next year. We really don’t know,” Powell said in remarks aired on CBS’s “Face the Nation” as part of a longer prerecorded interview to be broadcast Sunday night on the network’s “60 Minutes” news show. “Assuming there is not a second wave of the coronavirus, I think you will see the economy recover steadily through the second half of this year. For the ... (full story)
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