Fed Chair Jerome Powell says economy ‘to start growing much more quickly’

The US economy is turning the corner, thanks to government support and a turbo-charged campaign to vaccinate Americans against COVID-19, Federal Reserve Chair Jerome Powell said in a new interview.

“What we’re seeing now is really an economy that seems to be at an inflection point,” Powell told Scott Pelley during an interview that aired Sunday evening on CBS News’ “60 Minutes.” “We feel like we’re at a place where the economy’s about to start growing much more quickly and job creation coming in much more quickly,” Powell said. “So the principal risk to our economy right now really is that the disease would spread again. It’s going to be smart if people can continue to socially distance and wear masks.”