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Fed Chair Says Rising Virus Cases Could Challenge Economic Recovery

Fed Chair Says Rising Virus Cases Could Challenge Economic Recovery

Federal Reserve Chairman Jerome Powell said it was too soon to say how progress in the global hunt for a Covid-19 vaccine would influence the U.S. eco

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Federal Reserve Chairman Jerome Powell said it was too soon to say how progress in the global hunt for a Covid-19 vaccine would influence the U.S. economy, particularly given that increases in infection cases could weaken the recent economic recovery.

“The next few months could be challenging,” Mr. Powell said. On the implications of a vaccine, he added, “From our standpoint, it’s just too soon to assess with any confidence.”

Mr….

This post first appeared on wsj.com

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