Monday, 18 May 2020 16:38

Fed Warns on Recovery Speed

Written by
Rate this item
(3 votes)


Fed chief Powell made an interesting warning today. Powell said it will probably take a vaccine to get the economy into a full recovery. “For the economy to fully recover, people will have to be fully confident. And that may have to await the arrival of a vaccine … it may take a while . . . it could stretch through the end of next year, we really don’t know”, he said. Despite the hesitancy, the Fed has been very supportive in its statements of the support it will provide, saying the central bank could do a much more to help the recovery if needed.

FINSUM: This statement is really helping markets today, as combined with good news on a promising new treatment and the lack of a second wave forming (yet), things are looking up.

Contact Us



Subscribe to our daily newsletter

We use cookies to improve our website. By continuing to use this website, you are giving consent to cookies being used. More details…