{"id":224812,"date":"2021-04-12T14:57:06","date_gmt":"2021-04-12T11:57:06","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/fed-chair-powell-says-economy-to-start-growing-much-more-quickly\/"},"modified":"2021-04-12T14:57:06","modified_gmt":"2021-04-12T11:57:06","slug":"fed-chair-powell-says-economy-to-start-growing-much-more-quickly","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/fed-chair-powell-says-economy-to-start-growing-much-more-quickly\/","title":{"rendered":"#Fed Chair Powell says economy ‘to start growing much more quickly’"},"content":{"rendered":"

“#Fed Chair Powell says economy ‘to start growing much more quickly’<\/strong>”<\/p>\n

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The US economy is turning the corner, thanks to government support and a turbo-charged campaign to vaccinate Americans against COVID-19, Federal Reserve Chair Jerome Powell said in a new interview. <\/p>\n

\u201cWhat we\u2019re seeing now is really an economy that seems to be at an inflection point,\u201d Powell told Scott Pelley during an interview that aired Sunday evening on CBS News<\/a>\u2019 \u201c60 Minutes.\u201d <\/p>\n

\u201cWe feel like we\u2019re at a place where the economy\u2019s about to start growing much more quickly and job creation coming in much more quickly,\u201d Powell said.\u00a0\u201cSo the principal risk to our economy right now really is that the disease would spread again. It\u2019s going to be smart if people can continue to social<\/a>ly distance and wear masks.\u201d<\/p>\n

Powell\u2019s comments come as US stock indices are at record levels, due in part to optimism about the reopening of the economy, and the country\u2019s souped-up effort to inoculate Americans, with nearly every state making all adults over 16 years old eligible for the COVID vaccine. <\/p>\n

\"New
New York City has allowed the reopening of low-risk outdoor activities, movie and television productions, indoor dining as well as the opening of movie theaters, all with capacity restrictions.<\/figcaption>
John Lamparski\/Getty Images<\/span><\/figcaption><\/figure>\n

So far, about 183 million doses of vaccine have been administered in the US, according to the Centers for Disease Control and Prevention. Nearly half the country\u2019s adult population, and almost 80 percent of those 65 and older, have received at least one dose, CDC data said.<\/p>\n

\"Fed
Fed Chair Jerome Powell said, \u201cIt\u2019s going to be smart if people can continue to socially distance and wear masks.\u201d<\/figcaption>
CBS<\/span><\/figcaption><\/figure>\n

Powell, who was app<\/a>ointed by former President Donald Trump, has been a key figure in the economic turnaround. Under Powell, the Federal Reserve cut its benchmark rate to near zero last March and deployed massive emergency lending programs. <\/p>\n

Powell has said the Fed is unlikely to raise rates until the economy is fully recovered, even if inflation rises moderately above its 2 percent target.<\/p>\n

\"About
About 183 million doses of the COVID-19 vaccine have been administered in the US, according to the CDC.<\/figcaption>
Paul Hennessy\/SOPA Images\/LightRocket via Getty Images<\/span><\/figcaption><\/figure>\n

Powell has also been supportive of the government\u2019s aggressive spending programs under both Trump and President Biden to stem the fallout from the public health crisis.\n <\/p><\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Fed Chair Powell says economy ‘to start growing much more quickly’” The US economy is turning the corner, thanks to government support and a turbo-charged campaign to vaccinate Americans against COVID-19, Federal Reserve Chair Jerome Powell said in a new interview. \u201cWhat we\u2019re seeing now is really an economy that seems to be at an…<\/p>\n","protected":false},"author":1,"featured_media":224813,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/04\/powell.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[101721,20061,96488,82862,5069,70550,78738,5070],"class_list":["post-224812","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-4-12-21","tag-60-minutes","tag-cbs-evening-news","tag-covid-vaccine","tag-economy","tag-federal-reserve","tag-jerome-powell","tag-jobs"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/224812","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=224812"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/224812\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/224813"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=224812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=224812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=224812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}