Powell: ‘We’ll emerge from this crisis stronger and better’

Fed chief pens essay for WSJ reassuring that the US central bank will continue to do whatever it takes to support the economic recovery.

The United States economy will emerge from the COVID-19 crisis on better footing, Federal Reserve Chairman Jerome Powell wrote in an essay published on Friday, as he sought to again reassure financial markets that the US central bank will continue to do whatever it takes to support the recovery. “I truly believe that we will emerge from this crisis stronger and better, as we have done so often before,” Powell wrote in a Wall Street Journal (WSJ) essay. “But the recovery is far from complete.” The Fed chief’s essay comes in the wake of a far more upbeat assessment of the US economic recovery published by the Federal Reserve this week.