Fed's Powell: US nears full reopening to 'different economy'

WSJ What's News


Federal reserve chairman. Jerome powell pointed to a strong march jobs report as a sign of continued economic recovery. But he says the fed is still waiting to see a significant improvement in the economy before easing supportive measures and we got a taste of what faster progress will look like with the march plummer report close to a million jobs particularly if you add in the revisions for january and february and we want to see a string of months like that so we can really begin to show progress toward our goals. Powell spoke today at a seminar on the global economy hosted by the international monetary fund. He also expressed the importance of vaccines for the us and global recovery.

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