WASHINGTON, Sept. 21 (Xinhua) -- While the U.S. economy has picked up from its depressed level in the second quarter, the path ahead continues to be "highly uncertain" and depend on the pandemic, Federal Reserve Chairman Jerome Powell said Monday.
"Many economic indicators show marked improvement. Household spending looks to have recovered about three-fourths of its earlier decline," Powell said in prepared testimony, posted Monday on the Fed's website, for a hearing before the House Financial Services Committee on Tuesday.
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