US fed chair Jerome Powell optimistic about recovery, commits to keep interest rates unchanged – The Economic Times Video

Federal Reserve chairman Jerome Powell expressed optimism about a rebound for the U.S. economy once the pandemic is over. “Compared to the economic scenarios that we were contemplating a year ago, this is, it’s good to be where we are,” he said Thursday. Powell said he expects job creation to pick up in the coming months as more of the population is vaccinated, but does not believe unemployment will reach pre-pandemic levels by the end of 2021.