Fed's Powell: 'Medical metrics' most important data for U.S. economy now: CBS
The most important data for the U.S. economy right now are the "medical metrics" around the coronavirus pandemic, Federal Reserve Chairman Jerome Powell said Sunday night in broadcast remarks where he outlined the likely need for three to six more months of government financial help for firms and families. In an interview with CBS's "60 Minutes" news program, Powell repeatedly returned to health issues as central to the success of a U.S. economic reopening, calling on Americans to "help each other through this" by adhering to social distancing rules as state and local governments begin to lift restrictions on social and economic activities. "If we are thoughtful and careful about how we reopen the economy so that people take these social distancing measures forward and try to do what we can not to have another outbreak...then the recovery can begin fairly soon," Powell said.
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