Fed’s Powell: Economy still working through pandemic impact

The U.S. economy is still dealing with the aftermath of the COVID-19 pandemic, Federal Reserve chair Jerome Powell said during a meeting with community and business leaders in York, Pennsylvania.

“We are still coming through the other side of the pandemic,” Powell said, noting labour shortages in healthcare, ongoing difficulties with access to child care, and other issues heightened by the health crisis.

Powell did not comment on current monetary policy or the economic outlook in brief opening remarks.