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Fed Event Cancelled, Recovery Slows

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Fed Event Cancelled, Recovery Slows

Benzinga

5 Views • Sep 01, 2021

Description

COVID-19’s reappearance with the Delta Variant has put a damper on economic progress and Federal Reserve planning. The Fed’s Jackson Hole symposium was forced to go virtual for the 2nd year in a row. Fed officials believe that the Delta Variant is having a more considerable impact on the economy than initially thought. Previously, Fed Chairman Jerome Powell believed that people and businesses adapted, but confidence in the economy may be misplaced.

Keywords & Tags

#covid #COVID-19 #Politics #pandemic #United States #CDC #Centers for Disease Control and Prevention #economic recovery #U.S. Government #FED #vaccination #U.S #Jerome Powell #Delta variant #government officials #Fed’s Jackson Hole symposium #Fed Chairman #Fed Event Cancelled #Recovery Slows

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