Federal Reserve Chairman Jerome Powell said the US economy is at an “inflection point” and that growth and job creation will most likely increase in the coming months.
Powell made these comments during an interview on CBS News’ 60 Minutes which aired on April 11. In the interview, Powell provided a more optimistic economic outlook compared to past remarks.
“What we’re seeing now is really an economy that seems to be much at an inflection point,” Powell told 60 Minutes. “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.”
However, he added this would on…