We have avoided a lot of scars

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FOMC President Jerome Powell delivers his comments at the seminar of the International Monetary Fund (IMF) titled “Debate on the global economy”.

Key statements

“The unemployment rate among the bottom quartile is 20%.”

“We will not go back to the same economy.”

“There will be millions of people who will have a hard time finding work; it will be appropriate to continue to support them.”

“We have avoided a lot of scars.”

“We need to continue supporting the economy, and we will.”

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