Fed’s Jerome Powell: Not certain Delta outbreak will dent recovery

Jerome Powell
Federal Reserve Chairman Jerome Powell.
Susan Walsh/Pool via REUTERSSusan Walsh/Pool via REUTERS

It remains unclear whether the heightened outbreak of the coronavirus Delta variant will have a noticeable impact on the economy, Federal Reserve chair Jerome Powell said Tuesday.

“COVID is still with us…and that is likely to continue to be the case for a while,” Powell said, but “people and businesses have improvised and learned to adapt. To live their lives despite COVID.”