NEW YORK . Fed Chairman Jerome Powell believes the omicron variant of Covid-19 and the recent rise in coronavirus cases pose a threat to the U.S. economy. “The recent rise in Covid-19 cases and the emergence of the Omicron variant pose downside risks to employment and economic activity and greater uncertainty for inflation,” Powell says in remarks he intends to deliver to lawmakers. Senate, in the hearing to be held together with Treasury Secretary Janet Yellen.
Concerns about the new variant could “reduce the willingness to work in person, which would slow progress in the labor market and intensify supply chain disruptions. The factors driving up inflation will continue into the next year, ”Powell adds.
economia, Omicron, Powell