COVID-19 resurgence poses challenges to economic recovery: U.S. Fed chief

WASHINGTON, Nov. 30 (Xinhua) -- U.S. Federal Reserve Chairman Jerome Powell said on Monday that the rise in COVID-19 cases, both at home and abroad, could pose challenges to the economic recovery in the next few months.

"As we have emphasized throughout the pandemic, the outlook for the economy is extraordinarily uncertain and will depend, in large part, on the success of efforts to keep the virus in check," Powell said in his prepared testimony, which was posted Monday on the Fed's website, for a congressional hearing scheduled on Tuesday.