• 保存到桌面加入收藏设为首页
当前位置 当前位置:首页 > 英语新闻 - English news

国际英语新闻:U.S. Fed chief says economic recovery could stretch through end of 2021

2020-05-18 19:43:461000
内容摘要: WASHINGTON, May 17 (Xinhua) -- The U.S. economy will recover from the COVID-19 pandemic, but the process could stretch through until the en......

WASHINGTON, May 17 (Xinhua) -- The U.S. economy will recover from the COVID-19 pandemic, but the process could stretch through until the end of 2021, Federal Reserve Chairman Jerome Powell has said.

"Assuming there's not a second wave of the coronavirus, I think you'll see the economy recover steadily through the second half of this year," Powell said in an excerpt of an interview that aired Sunday morning on CBS's "Face the Nation."

"For the economy to fully recover, people will have to be fully confident. And that may have to await the arrival of a vaccine," he said.

The Fed chief noted that people should not "bet" against the American economy in the long run, even in the medium run.

"This economy will recover. It may take a while. It may take a period of time. It could stretch through the end of next year. We really don't know," he said.

At an online event held by the Washington-based think tank Peterson Institute for International Economics on Wednesday, Powell warned that a prolonged recession and weak recovery from the pandemic could lead to an extended period of low productivity growth and stagnant incomes.

While the economic response has been "both timely and appropriately large," it may not be the final chapter, given that the path ahead is both "highly uncertain" and subject to "significant downside risks," he said.

"The scope and speed of this downturn are without modern precedent, significantly worse than any recession since World War II," said the Fed chief.

More than 36.5 million Americans have applied for unemployment benefits since the COVID-19 pandemic forced widespread business closures in mid-March, according to the Labor Department.


滚动新闻 热门新闻 六合资讯 六合财经 Rolling news Hot news 英语新闻 社会万象 最新新闻 英文新闻 健康资讯 英语新闻 六合宝典 三合六合 今彩539 三合六合 英语忘不了 战神英语 最新资讯 滚动新闻 热门新闻 社会万象 英语新闻 热门新闻 最新学英语 最新财经 最新女性保健 最新乳房保健 最新阴道保健 最新子宫保健 最新卵巢保健 最新盆腔保健 最新社会新闻 最新棋牌 游戏攻略 围棋新闻 棋盘新闻 弈城围棋 围棋新闻 国际象棋 中国象棋 牌类游戏 游戏攻略