U.S. Fed chair warns of ‘significant uncertainty’ about the recovery
Arirang News
2020-06-16
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미 연준 의장 "경제 회복 시기•강도에 커다란 불확실성"
U.S. Federal Reserve Chairman Jerome Powell is warning about "significant uncertainty" regarding the pace of the U.S. economic recovery.
During the first day of Powell's semi-annual testimony before Congress on Tuesday,... the Fed chair told the Senate Banking Committee that while some indicators have improved,... there's a long way to go as the economy tries to rebound from the COVID-19 pandemic.
Powell stressed that small businesses and lower-income and minority Americans are particularly at risk.
However, U.S. retail sales jumped a record 17-point-7 percent in the April to May period,... as businesses begin to re-open.
U.S. Federal Reserve Chairman Jerome Powell is warning about "significant uncertainty" regarding the pace of the U.S. economic recovery.
During the first day of Powell's semi-annual testimony before Congress on Tuesday,... the Fed chair told the Senate Banking Committee that while some indicators have improved,... there's a long way to go as the economy tries to rebound from the COVID-19 pandemic.
Powell stressed that small businesses and lower-income and minority Americans are particularly at risk.
However, U.S. retail sales jumped a record 17-point-7 percent in the April to May period,... as businesses begin to re-open.
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