Central bank chiefs warn vaccine alone will not end economic challenges
Economies are recovering, but main risk remains out-of-control spread of Covid-19, says Fed chair Jerome Powell
12 November 2020 - 22:12
Three of the world’s top central bankers warned on Thursday that the prospect of a Covid-19 vaccine is not enough to put an end to the economic challenges created by the pandemic.
“We do see the economy continuing on a solid path of recovery, but the main risk we see to that is clearly the further spread of the disease here in the US,” Federal Reserve chair Jerome Powell said during a panel discussion at a virtual conference hosted by the European Central Bank (ECB). “With the virus now spreading, the next few months could be challenging.”..
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