Fed chair says full economic recovery could take 18 months

Jerome Powell.
(Image credit: Federal Reserve via Getty Images)

Federal Reserve Chair Jerome Powell said Sunday that the full recovery from lockdowns intended to slow the spread of the coronavirus could take until late 2021. "This economy will recover; it may take a while," Powell said on CBS's 60 Minutes.

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.