• Fed's Powell hopeful US economy can return to 'more normal conditions' later in 2021

    7 days ago - By Business Insider

    Jerome Powell.
    Reuters
    Vaccinations and falling case counts "offer hope for a return to more normal conditions later this year," Jerome Powell said.
    The statement is among the most bullish to come from the Fed chair since the pandemic began.
    Still, Powell warned the path forward is "highly uncertain" and the recovery "remains uneven."
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    Encouraging trends are lifting hopes that the US can make strides toward pre-pandemic normalcy later this year, Federal Reserve Chair Jerome Powell said Tuesday. Data suggests the US is clearing the...
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