Fed’s Jerome Powell says U.S. economy is ready to ‘start growing much more quickly’
In a ’60 Minutes’ interview, Powell says increased growth should create more jobs
The U.S. economy is ready to take off, U.S. Federal Reserve Chairman Jerome Powell said Sunday.
In an interview with CBS News’ “60 Minutes,” which released a snippet Sunday morning, Powell said increased growth should create more jobs. The full interview will air Sunday night at 7 p.m. Eastern on CBS.
Powell credited widespread vaccinations and strong fiscal-policy support through the pandemic, but warned that the economy could suffer a setback if there’s another wave of COVID-19 infections.
“It’s going to be smart if people can continue to socially distance and wear masks,” he said.
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