Fed Powell: Indicators point to stabilization and some modest rebound in economic activity

<p>In the Semiannual testimony to Congress, Fed Chair Jerome Powell said some recent indicators have pointed to a”stabilization”, and in some ares a “modest rebound” in economic activity. However, levels of output and employment remain “far below their pre-pandemic levels”. “Significant uncertainty remains about the timing and strength of the recovery”. He warned “until the […]</p>
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