Economy about to grow quicker due to vaccinations, fiscal support


Federal Reserve Chairman Jerome Powell testifies before the Senate Banking Committee hearing on “The Quarterly CARES Act Report to Congress” on Capitol Hill in Washington, December 1, 2020.

Susan Walsh | Pool | Reuters

The U.S. economy is at a turning point thanks to government support and a speedy campaign to inoculate Americans against Covid-19, Federal Reserve Chair Jerome Powell said in a new interview.

“What we’re seeing now is really an economy that seems to be at an inflection point,” Powell told Scott Pelley during an interview that will air Sunday evening on CBS News’ “60 Minutes.” CBS released a portion of the interview earlier Sunday.

“We feel like we’re at a place where the…


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