Skip to content
Economics

Powell Says Economy May Be Entering ‘New Normal’ After Pandemic

  • Still seeing ‘exceptionally unusual set of disruptions’ (1)
  • Fed chief doesn’t discuss rates in opening remarks at event
Video player cover image
Fed's Powell Says Economy May Be Entering ‘New Normal’
Updated on

Federal Reserve Chair Jerome Powell said the US economy may be entering a “new normal” following disruptions from the Covid-19 pandemic.

“We continue to deal with an exceptionally unusual set of disruptions,” Powell told business and community leaders Friday at a Fed Listens event in Washington. “As policy makers we’re committed to using our tools to help see the economy through what has been a uniquely challenging period.”