Economics
Powell Tells NPR Economy Has Long Road Ahead After Jobs Gain
- Says U.S. must control virus to get back to full employment
- While recovery continues, it’s going to ‘get harder,’ he says
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Federal Reserve Chairman Jerome Powell said that while U.S. unemployment data for August was positive, the economy’s recovery from the coronavirus pandemic has a long road ahead and interest rates will remain low for a long time.
“The recovery is continuing; we do think it will get harder from here,” Powell told National Public Radio in an interview Friday. “Today’s jobs report was a good one,” he said, adding that “to get us back to full employment, we’re going to have to get the disease under control.”