Fed’s Powell Warns U.S. Economic Recovery ‘Highly Uncertain’

The transcript discusses efforts to alleviate economic fallout and ensure a strong recovery. Economic activity has improved, with household spending recovering significantly due to federal stimulus and unemployment benefits. The labor market has regained half of the jobs lost during the pandemic, but employment levels remain below pre-pandemic levels. The downturn has disproportionately affected lower-wage workers, women, and minorities. A full recovery depends on controlling the virus and implementing effective policies.

What is necessary for a full economic recovery according to the text?

What factors will influence the path forward for economic recovery?