WASHINGTON, Oct. 6 (Xinhua) -- U.S. economic recovery remains far from complete and a prolonged slowing in the pace of improvement over time could trigger typical recessionary dynamics, U.S. Federal Reserve Chairman Jerome Powell said Tuesday.
"We should continue do what we can to manage downside risks to the outlook. One such risk is that COVID-19 cases might again rise to levels that more significantly limit economic activity, not to mention the tragic effects on lives and well-being," Powell said at the National Association for Business Economics virtual annual meeting.
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