Fed chair warns of 'significant uncertainty' around U.S. recovery

Business Jun 17, 2020

Fed chair warns of 'significant uncertainty' around U.S. recovery

Despite some recent positive signs, "significant uncertainty" remains about the recovery of the U.S. economy from the coronavirus pandemic, Federal Reserve Chair Jerome Powell said Tuesday. And unless consumers feel confident COVID-19 has been defeated, "a full recovery is unlikely," Powell warned in his semiannual ...