The US economy is currently in the “Point of Flamm”. So the head of the Federal Reserve System (Fed) Jerome Powell answered the question about threats for the economy in an interview with CBS.
According to Powell, this situation has developed due to widespread vaccination and strong support measures in the fiscal and credit and monetary spheres. “It seems to us that we are in a place where the economy will begin to grow much faster and job creation will occur much faster pace,” he told.
The head of the Fed added that the main risk for the economy remains the spread of coronavirus. Therefore, he recommended to continue compliance with precautions.
Earlier, the US FRS leadership promised to help the national economy due to the mild monetary policy to the victorious. There was noted that the US economy is systematically restored, but the growth rate is still insufficient.