COVID-19: Powell says no returning to pre-pandemic economyAP, WASHINGTONUS Federal Reserve Chairman Jerome Powell on Tuesday said that the US economy has been permanently changed by the COVID-19 pandemic and it is important that the central bank adapts to those changes. “We’re not simply going back to the economy that we had before the pandemic,” Powell said at a Fed virtual town hall for educators and students. US Federal Reserve Chairman Jerome Powell, left, speaks with former Fed chairman Ben Bernanke at a conference on monetary policy at the Federal Reserve Bank of Chicago on June 4, 2019. “It seems a near certainty that there will be substantially more remote work going forward,” Powell said. The town hall is an event started by former Fed chairman Ben Bernanke and continued by former Fed chair and now US Secretary of the Treasury Janet Yellen.

Source: Taipei Times August 18, 2021 15:56 UTC