US recovery could be faster



The US recovery from the pandemic’s economic downturn will be “stronger and faster” with more government aid to protect against the potential for accelerating job losses, AFP reported while quoting Federal Reserve chairman Jerome Powell. “Even if policy actions ultimately prove to be greater than needed, they will not go to waste,” Powell said in an address to an economics conference. There is a greater risk of not doing enough to support the economy, he said. “Too little support would lead to a weak recovery, creating unnecessary hardship for households and businesses.” –AFP