Powell Says Pandemic Is Molding ‘Extraordinary Generation’

Federal Reserve Chair Jerome Powell predicted U.S. students who have been forced to cope with the Covid-19 pandemic will become an “extraordinary generation” that will mature faster and have a bigger impact on society.

Speaking and answering questions in a town hall meeting Tuesday with educators and students, Powell didn’t discuss the outlook for monetary policy or make specific comment on growth and the risks from the delta variant -- though he did flag that the pandemic is “still casting a shadow on economic activity.”