✅ Fact-checked    

The U.S. talks about a “tipping point” in its economy

The U.S. economy at the moment is at a “breaking point. So the head of the Federal Reserve (Fed) Jerome Powell responds to a question about the threats to the economy in an interview with CBS.

According to Powell, this situation is due to widespread vaccination and strong fiscal and monetary support measures. “We think we're in a place where the economy is going to start growing a lot faster and job creation is going to happen at a much faster pace,” he told CBS.

The Fed chief added that the main risk to the economy remains the spread of the coronavirus. Therefore, he recommended continuing to take precautions.

Earlier, the U.S. Federal Reserve Board promised to help the national economy through a soft monetary policy until the victory. They noted that the U.S. economy is recovering smoothly, but the growth rate is still insufficient.

Views: 114


Add a comment!