[Aljazeera] The United States economy is "much improved," says Federal Reserve Chair Jerome Powell, crediting Congress and the central bank both for providing "unprecedented" support, but at the same time warning that the recovery is still "far from complete".
"The recovery has progressed more quickly than generally expected and looks to be strengthening," Powell said in remarks prepared for delivery to a congressional hearing on Tuesday morning. Household spending has risen, he said and the housing sector has more than fully recovered. |