Fed's Powell Says U.S. Economy Can Handle Omicron

The transcript discusses the potential risks and economic impacts of new COVID-19 variants, particularly focusing on transmissibility and severity. It highlights the uncertainty surrounding these variants and their effects on the economy, including demand, supply, inflation, and growth. The importance of vaccination in mitigating economic impacts is emphasized, along with the role of policy measures in maintaining economic resilience.

In what ways might the new variant affect hiring and global supply chains?

What is the significance of the statement regarding the strength of demand in the economy?