Fed Chairman Doesn’t Expect Delta Variant to Affect Economy

Federal Reserve Chairman Jerome Powell speaks to reporters after the Federal Reserve cut interest rates in an emergency move designed to shield the world's largest economy from the impact of the coronavirus, during a news conference in Washington, on March 3, 2020. Kevin Lamarque/Reuters

Federal Reserve Chairman Jerome Powell said in a news conference on July 28 that he doesn’t see the Delta variant of the CCP virus as a major threat to the U.S. economy.

“What we’ve seen is with successive waves of COVID over the past year and some months now, there has tended to be less in the way of economic implications from each wave,“ Powell said at a news conference.”We will see whether that is the case with the Delta variety, but it’s certainly not an unreasonable expectation.”