Powell made the comments during an interview on CBS News’ “60 Minutes.” In the interview, Powell provided a rosier economic outlook, in contrast to past remarks on the economy’s recovery.
“What we’re seeing now is really an economy that seems to be much at an inflection point,” Powell told “60 minutes” during the interview. “And that’s because of widespread vaccination and strong fiscal support, strong monetary policy support. We feel like we’re at a place where the economy’s about to start growing much more quickly and job creation coming in much more quickly. The outlook has brightened substantially.”
But that’s only if there isn’t another wave of Covid-19.
“The principal risk to our economy right now really is that the disease would spread again. It’s going to be smart if people can continue to socially distance and wear masks,” he told “60 Minutes.”