Fed chief talks up swift US recovery

Credits country’s rising Covid vaccination rate and powerful policy support

Federal Reserve Chairman Jerome Powell.

The head of the Federal Reserve Jerome Powell has said the US economy is at an “inflection point” with stronger growth and hiring ahead thanks to the country’s rising Covid vaccination rate and powerful policy support, but he warned that the pandemic remains a threat.

“We feel like we’re at a place where the economy is about to start growing much more quickly and job creation coming in much more quickly,” Mr Powell said.