America's central bank is monitoring the spread of the delta variant of the coronavirus amid concern that it could hold back parts of the economy
Mr Powell delivered the remarks after the Fed left interest rates and its multi-billion monthly programme of bond purchases unchanged after its latest meeting.
Asked about the impact of the delta variant at a news conference, he said that until now there had"tended to be less in the way of economic implications with each wave" of the virus.Timber, steel and cement spark 100% inflation But he added:"It certainly is plausible that people would pull back from some activity because of the risk of infection."We don't have a strong sense of how that will work out so we'll be monitoring it carefully."in the world's biggest economy leave markets watchful over when the Fed might start to raise interest rates and pull back on bond purchases.
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