Fed’s Powell Says Pandemic Is Molding ‘Extraordinary Generation’

Panorama of a city business district with office buildings and skyscrapers and superimposed data, charts and diagrams related to stock market, currency exchange and global finance. Blue line graphs with numbers and exchange rates, candlestick charts and financial figures fill the image with a glowing light. Sunset light.
imageEconomy14 hours ago (Aug 17, 2021 19:02)

© Bloomberg. Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a Senate Banking Committee hearing in Washington, D.C., U.S., on Thursday, July 15, 2021. Powell said yesterday the U.S. economic recovery still hasn’t progressed enough to begin scaling back the central bank’s massive monthly asset purchases.


(Bloomberg) — Federal Reserve Chair Jerome Powell predicted U.S. students who have been forced to cope with the Covid-19 pandemic will become an “extraordinary generation” that will mature faster and have a bigger impact on society.

“This is an extraordinary time, and I believe that it will result in an extraordinary generation,” Powell said in prepared remarks for a town hall Tuesday with educators and students. “You will see the world differently than your predecessors. You have been forced, sooner than most people, to consider what in life is truly important.”

Powell didn’t address the outlook for the U.S. economy or monetary policy in his remarks. He will have another opportunity next week, when policy makers will meet Aug. 26-28 at Jackson Hole, Wyoming, for the central bank’s most prominent annual conference.

“This is a historical inflection point, and this generation of students is in a position to turn its lessons into profound tools of change,” Powell said.

The Fed chair offered high praise to American teachers, who have had to restructure their teaching methods during Covid-19. “It is the highest call within the higher calling of public service.”

©2021 Bloomberg L.P.

Fed’s Powell Says Pandemic Is Molding ‘Extraordinary Generation’

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.


Please enter your comment!
Please enter your name here