Washington Post

Powell warns U.S. recovery could stretch through end of 2021

Centralbankchef Jerome Powell i spidsen for Federal Reserve Bank. Foto: AP/Susan Walsh

The U.S. economy will recover from the coronavirus pandemic, but the process could stretch through until the end of next year and depend on the delivery of a vaccine, said Federal Reserve Chairman Jerome Powell.

"Assuming there's not a second wave of the coronavirus, I think you'll see the economy recover steadily through the second half of this year," the U.S. central bank chief said in an excerpt of an interview conducted Wednesday and aired on Sunday on CBS' "Face the Nation" show...

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