Coronavirus BRIEFING

U.S. Data Suggests Economic Recovery May Be Weakening

"We have got new cases at a record level, we have seen a number of states begin to reimpose limited activity restrictions, and people may lose confidence that it is safe to go out."

Federal Reserve chairman Jerome Powell, speaking on a webcast late last week, as reported by Reuters in its story, “U.S. data suggests economic recovery may be weakening.”  Powell noted that even with the “good and welcome” news of a possible coronavirus vaccine, “the next few months could be challenging.”