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Thursday, August 19, 2021
The pandemic remains a part of the economic story
In June 2020, Federal Reserve Chair Jay Powell said at a press conference, "The extent of the downturn and the pace of recovery remain extraordinarily uncertain and will depend in large part on our success in containing the virus. We all want to get back to normal, but a full recovery is unlikely to occur until people are confident that it is safe to reengage in a broad range of activities."
In the year-plus that has followed, the economy has enjoyed a very strong recovery.