The Los Angeles Post
California & Local U.S. World Business Lifestyle
Today: January 15, 2025
Today: January 15, 2025

Fed's Powell: Economy still working through the impact of the pandemic

Federal Reserve Chair Jerome Powell and President of the Federal Reserve Bank of Philadelphia Patrick Harker participate in a round table event in York
July 02, 2024
Howard Schneider - Reuters

By Howard Schneider

YORK, Pa. (Reuters) - The U.S. economy is still dealing with the aftermath of the COVID-19 pandemic, Federal Reserve chair Jerome Powell said during a meeting with community and business leaders in York, Pennsylvania.

"We are still coming through the other side of the pandemic," Powell said, noting labor shortages in healthcare, ongoing difficulties with access to child care, and other issues heightened by the health crisis. He did not comment on current monetary policy or the economic outlook in brief opening remarks.

(Reporting by Howard Schneider; editing by Jonathan Oatis)

Fed's Powell: Economy still working through the impact of the pandemic
FILE PHOTO: Fed Chair Powell speaks during news conference in Washington

Related

Election|Europe|Political|US|World

In eyeing Greenland, Trump is echoing long-held American designs on the Arctic expanse

Donald Trump has history on his side when he muses about the US acquiring Greenland. That idea was proposed by military brass in a memorandum almost 70 years ago.

In eyeing Greenland, Trump is echoing long-held American designs on the Arctic expanse
Election|Entertainment|Political|US

Kamala Harris memes questioning her cultural background highlight Americans’ contradictions with race

Popular memes debating Harris’ racial authenticity say less about the US’s first Black and Indian vice president and more about Americans’ complex cultural conversations.

Kamala Harris memes questioning her cultural background highlight Americans’ contradictions with race
Economy|Political|US

Spending, regulations and DOGE: Office of Management and Budget director plays vital role helping government get stuff done

The OMB is like the government’s central nervous system – it, and its director, are at the center of pretty much everything.

Spending, regulations and DOGE: Office of Management and Budget director plays vital role helping government get stuff done
Business|Economy|Finance|Political|US

US consumer prices rise slightly above expectations in December

U.S. consumer prices increased slightly more than expected in December amid higher costs for energy goods, pointing to still elevated inflation that aligns with the Federal

US consumer prices rise slightly above expectations in December
Share This

Popular

Crime|Election|Political|US

Bondi faces a skeptical reception from Democrats at confirmation hearing over her loyalty to Trump

Bondi faces a skeptical reception from Democrats at confirmation hearing over her loyalty to Trump
Entertainment|Environment|US

Wildfires latest: A final round of dangerous fire weather and dry conditions is in the forecast

Wildfires latest: A final round of dangerous fire weather and dry conditions is in the forecast
Arts|Entertainment|US

Music streams hit nearly 5 trillion in 2024. Women pop performers lead the charge in the US

Music streams hit nearly 5 trillion in 2024. Women pop performers lead the charge in the US
Health|Political|US

FDA floats plan to make cigarettes nonaddictive, but its fate rests with Trump

FDA floats plan to make cigarettes nonaddictive, but its fate rests with Trump