Federal Reserve Chairman Jerome Powell said the increased spread of the coronavirus posed a significant risk to the economy in the months ahead and that it was too soon to say how positive developments about a vaccine would influence the outlook.
“Across the country, we’re seeing new cases. We’re seeing hospitalizations rise. And we’re seeing states begin to impose some activity restrictions,” Mr. Powell said during a virtual question-and-answer session Tuesday. “The concern is that people will lose confidence in efforts to…
