Chairman of the Federal Reserve: US economic recovery will take some time

category:Finance
 Chairman of the Federal Reserve: US economic recovery will take some time


CCTV news client may 18 news, local time 17, Jay Powell, chairman of the Federal Reserve, said in an upcoming CBS News interview that the U.S. economy still needs some time to recover. On Thursday local time, statistics released by the U.S. Department of labor showed that about 36.5 million Americans have applied for unemployment benefits since the outbreak. Powell said he expected the US economic recovery to go through a long period, even to 2021.

Powell also said that the premise of a steady recovery of the U.S. economy in the second half of 2020 is that there will not be a second wave of epidemic peak in autumn, but given the speculation of medical experts, the situation is not optimistic, and peoples confidence in the full recovery of the economy still needs to wait for the emergence of vaccines.