Fed pulls back economic aid in face of rising uncertainties
November 4, 2021
WASHINGTON (AP) — If you find the current economy a bit confusing, don't worry: So does the nation's top economic official, Federal Reserve Chair Jerome Powell.
At a highly anticipated news conference Wednesday, Powell said the Fed was sticking by its bedrock economic forecast: COVID-19 will eventually fade, which, in turn, will enable supply chain bottlenecks to unsnarl. More people will return to the workforce, the economy will strengthen and inflation pressures will ease.
And yet the nation's leading economic figure acknowledged that it isn't at all clear when or even whether things w...