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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
Bloomberg business news
Fed's Powell Says Economy May Be Entering ‘New Normal’
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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.”