Skip to Content

Fed’s Powell: There’s no returning to pre-pandemic economy

<i></i><br/>
KMIZ

By MARTIN CRUTSINGER
AP Economics Writer

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell says the U.S. economy has been permanently changed by the COVID pandemic and it’s important that the central bank adapt to those changes. Powell said Tuesday at a Fed virtual town hall for educators and students that the Fed needs to understand the ways that the economy has changed and what the implications are for the central bank’s monetary policy. He said that it is not clear if the delta variant will have important effects on the economy. But he added that the country has already seen significant changes since the pandemic began shutting the country down in March 2020.

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

ABC 17 News is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content