Mary Wilson
Well-known member
Published: Nov. 29, 2021 at 5:37 p.m. ET
By Greg Robb
The emergence of the omicron variant poses downside risks to the economy and adds to uncertainty over inflation, said Fed Chairman Jerome Powell on Monday.
“Greater concerns about the virus could reduce people’s willingness to work in person, which would slow progress in the labor market and intensify supply-chain disruptions,” Powell added, in brief remarks prepared for delivery on Tuesday to the Senate Banking Committee. The testimony was released early.
https://www.marketwatch.com/story/f...variant-a-risk-to-economic-growth-11638225452
By Greg Robb
The emergence of the omicron variant poses downside risks to the economy and adds to uncertainty over inflation, said Fed Chairman Jerome Powell on Monday.
“Greater concerns about the virus could reduce people’s willingness to work in person, which would slow progress in the labor market and intensify supply-chain disruptions,” Powell added, in brief remarks prepared for delivery on Tuesday to the Senate Banking Committee. The testimony was released early.
https://www.marketwatch.com/story/f...variant-a-risk-to-economic-growth-11638225452
