Jerome Powell, Interview: David Rubenstein at the Economic Club

“Generally, yes. I would say that the economy at this point does seem to be at a bit of an inflection point, and that makes sense with evermore widespread vaccinations with strong fiscal policy with continued support from monetary policy. You see the economy opening, you can see ridership on airplanes going up and people going back to restaurants. I think the March jobs report that we recently got shows what that can look like, which was close to a million jobs in a month. So I think we’re going into a period of faster growth and higher job creation. And that’s a good thing. I would point out there’s still risks. In particular, I would say the main risk is that we’ll have another spike in cases, perhaps in one of the virus strains that maybe more difficult to treat. Now, we don’t see that yet. We do see cases having moved up a bit, but that’s something we need to be careful about. And I think we’d be wise to keep wearing masks and being socially distant at least for a while longer.”