WASHINGTON, Oct. 6 (Xinhua) -- U.S. Federal Reserve Chairman Jerome Powell warned on Tuesday that a prolonged slowing economic recovery from the pandemic could trigger typical recessionary dynamics, as the COVID-19 relief talks drag on with no bipartisan deal in sight.
"We should continue to 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 (NABE) virtual annual meeting.
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