Speaking to the IMF, Powell said vaccinations and rapid rehiring signal the U.S. will fully reopen soon
In meeting minutes, the Federal Reserve gave no sign of ending bond purchases
There are risks and benefits to digital currencies, the Fed chair said
The U.S. central bank also upgraded its growth and inflation forecasts
A robust recovery later this year could accelerate inflation and send long-term rates surging
The U.S. job market saw its highest gains in February since October 2020
The wait-and-see message caused bond yields to jump
The Fed chair’s comments are in contrast to the increasing optimism about an economic rebound
Least advantaged households have been most affected by job losses, the Fed chair said
Economic uncertainty requires prolonged support from monetary policy