Fed’s Powell says the US economy has bounced back quicker than expected — but warns failure to contain the virus will create new hurdles
Business Insider -

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The US entered a new phase of economic recovery "sooner than expected" but still faces challenges in the labor market and in curbing the coronavirus' spread, Federal Reserve Chair Jerome Powell said in prepared remarks.

Positive labor market and economic activity data suggest the US is on its way to a V-shaped recovery, but Powell cautioned that consumer confidence can't fully rebound until the virus threat is fully contained.

The central bank chief also highlighted the...

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