Fed's Powell: U.S. economy at an 'inflection point' - CBS '60 Minutes'

It's going to be smart if people can continue to socially distance and wear masks

  
U.S. Federal Reserve Chairman Jerome Powell speaks to reporters after the Federal Reserve cut interest rates in an emergency move designed to shield the world's largest economy from the impact of the coronavirus, during a news conference in Washington, U.S., March 3, 2020.

U.S. Federal Reserve Chairman Jerome Powell speaks to reporters after the Federal Reserve cut interest rates in an emergency move designed to shield the world's largest economy from the impact of the coronavirus, during a news conference in Washington, U.S., March 3, 2020.

REUTERS/Kevin Lamarque

The U.S. economy is at an "inflection point" with expectations that growth and hiring will pick up speed in the months ahead, but some risks remain, particularly any resurgence in the coronavirus pandemic, Federal Reserve Chair Jerome Powell said.

"We feel like we're at a place where the economy is about to start growing much more quickly and job creation coming in much more quickly, so the principle risk to our economy right now really is that the disease would spread again," Powell said in a brief clip of an interview with CBS' news magazine program "60 Minutes" set to air in full on Sunday night.

"It's going to be smart if people can continue to socially distance and wear masks."

(Reporting by Dan Burns; Editing by Daniel Wallis) ((Daniel.Burns@thomsonreuters.com;))

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