- July 29, 2021
- Posted by: Stratford Team
- Category: Business
Fed’s Powell downplays delta variant’s threat to the economy
WASHINGTON (AP) — The spread of the COVID-19 delta variant is raising infection rates, leading some businesses and governments to require vaccinations and raising concerns about the U.S. economic recovery. But Federal Reserve Chair Jerome Powell injected a note of reassurance, suggesting that the delta variant poses little threat to the economy, at least so far. Powell spoke after the Fed ended its latest policy meeting in which it it signaled that the economy is moving closer to the “substantial further progress” it wants to see before reducing the $120 billion in Treasury and mortgage bonds it is buying each month to try to spur more borrowing and spending.
After rocket ride of growth, Robinhood heads to the market
NEW YORK (AP) — After a rocket rise where it introduced millions of people to investing and shook up the brokerage industry, all while racking up a long list of…