WASHINGTON: The US recovery from the Covid-19 pandemic “looks to be strengthening,” Federal Reserve Chair Jerome Powell said on Monday, but vowed the central bank would continue its efforts to aid racial minorities and other groups hurt most by the downturn.
In testimony released ahead of his appearance scheduled for Tuesday before the House Financial Services Committee, Powell underscored that the central bank would continue policies like zero interest rates that it rolled out to aid the economy as the pandemic hit.
Those measures, together with massive government spending approved by Congress, have helped keep the US economy from an even worse downturn, though…
