RISING COVID-19 CASES LIKELY TO SLOW DOWN THE U.S. ECONOMY SAYS FEDERAL RESERVE CHAIR POWELL

Highlights

• Speaking in an online discussion with the Bay Area Council, Powell said “We’re seeing states begin to impose some activity restrictions.”

• This statement from Powell comes at a time when the retail sales in the U.S. surged only 0.3 percent in October, the smallest gain since the pandemic sent sales down by nearly 15 percent in the month of April

• Currently the United....