Omicron fogs economic outlook: Powell

Taipei Times

Lean Left

Mixed Factuality

Omicron fogs economic outlook: Powell

The emergence of the Omicron variant of SARS-CoV-2 could slow the US economy and hiring, while also raising uncertainty about inflation, US Federal Reserve Chairman Jerome Powell said on Monday in prepared remarks delivered to the US Senate Committee on Banking, Housing and Urban Affairs yesterday. An increase in infections caused by the Delta variant of SARS-CoV-2 and the emergence of the Omicron variant “pose downside risks to employment and e…