contracts tied to the major U.S. stock indexes rose early Monday as investors
weighed comments by Federal Reserve Chairman Jerome Powell on the state of the
economy against signs of optimism as states began to reopen for business over
Jones Industrial Average futures implied an opening gain of more than 270
points. S&P 500 and Nasdaq futures also pointed to gains at the open.
on Sunday night heard from Federal Reserve Chairman Jerome Powell, who spoke
with CBS’s “60 Minutes” to detail the impact of Covid-19 on the U.S. economy
and the path back toward growth.
central bank leader struck a cautiously optimistic tone, telling the show that
he’s “highly confident” the U.S. economy will claw its way back from the
current pullback but warned that it may not fully recover until a Covid-19
vaccine is complete.
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