IMPROVED U.S. ECONOMY IS GOING TO SUPPORT GLOBAL ACTIVITY AS WELL: FED CHAIR JEROME POWELL

Highlights

• Fed Chair Jerome Powell expects a greater likelihood the strong US rebound from the COVID-19 will also help jump-start nations that are still struggling to achieve normalcy

• Fed Chief’s comments came as he was asked about sharply contrasting outlooks emerged in last few weeks, in particular between the US and Europe

According to the new Federal Reserve forecasts, the US economy appear....