Powell speech: Not yet clear if Delta will have important effects on economy

FOMC Chairman Jerome Powell is responding to questions at a virtual town hall with educators and students.

Key quotes

"COVID is still with us, likely to be the case for a while."

"People and businesses have learned to adapt to COVID."

"Not yet clear if delta will have important effects on economy."

About Jerome Powell (via Federalreserve.gov)

Jerome H. Powell took office as Chairman of the Board of Governors of the Federal Reserve System on February 5, 2018, for a four-year term. Mr. Powell also serves as Chairman of the Federal Open Market Committee, the System's principal monetary policymaking body. Mr. Powell has served as a member of the Board of Governors since taking office on May 25, 2012, to fill an unexpired term. He was reappointed to the Board and sworn in on June 16, 2014, for a term ending January 31, 2028.