Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Fed’s Powell Says Pandemic Is Molding ‘Extraordinary Generation’

Economy Aug 17, 2021 01:54PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Bloomberg. Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a Senate Banking Committee hearing in Washington, D.C., U.S., on Thursday, July 15, 2021. Powell said yesterday the U.S. economic recovery still hasn't progressed enough to begin scaling back the central bank's massive monthly asset purchases.

(Bloomberg) -- Federal Reserve Chair Jerome Powell predicted U.S. students who have been forced to cope with the Covid-19 pandemic will become an “extraordinary generation” that will mature faster and have a bigger impact on society.

“This is an extraordinary time, and I believe that it will result in an extraordinary generation,” Powell said in prepared remarks for a town hall Tuesday with educators and students. “You will see the world differently than your predecessors. You have been forced, sooner than most people, to consider what in life is truly important.”

Powell didn’t address the outlook for the U.S. economy or monetary policy in his remarks. He will have another opportunity next week, when policy makers will meet Aug. 26-28 at Jackson Hole, Wyoming, for the central bank’s most prominent annual conference.

“This is a historical inflection point, and this generation of students is in a position to turn its lessons into profound tools of change,” Powell said.

The Fed chair offered high praise to American teachers, who have had to restructure their teaching methods during Covid-19. “It is the highest call within the higher calling of public service.”

©2021 Bloomberg L.P.

Fed’s Powell Says Pandemic Is Molding ‘Extraordinary Generation’
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (10)
Connecticut Yankee
A_Jaundiced_Eye Aug 17, 2021 4:06PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Talking about teaching, he sounds like he's angling for a nice cushy professorship after Biden cans him, for whoever Lizzy Warrens tells Joey to pick.
David David
David9 Aug 17, 2021 2:49PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
We need to have a big market crash. I can't find anything to buy right now.
Gus McCrae
Gus McCrae Aug 17, 2021 2:48PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
says the guy who's stealing from that same generation future income to pay for political mistakes by current politicians
Franco Dominguez
Franco Dominguez Aug 17, 2021 2:46PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
hike rate elderrrrrrr
Gervais Christopher
Gervais Christopher Aug 17, 2021 2:35PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
yep. a bunch of pus s ies... it is time to live, no matter what...up ***** to all the 'professionals'.
Gervais Christopher
Gervais Christopher Aug 17, 2021 2:35PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
just what we need,  'slavery' to the Medical establishment WHO cannot cure anything or prevent contraction of anything, cannot stop death, or raise people from death. They have a 100% failure rate. Evidence is in the cemeteries
Gervais Christopher
Gervais Christopher Aug 17, 2021 2:35PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
the fascist na zi's would be very proud.
Randy Randy
randy00 Aug 17, 2021 2:33PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
What a nice man.
Satria Nugraha
Satria Nugraha Aug 17, 2021 2:29PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
useless talks from the fed. is the fed paid for comment on education?
David David
David9 Aug 17, 2021 2:13PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
These are only words to make things sound better, but I think the reality is not too bright...
Meru Pet
Meru Pet Aug 17, 2021 2:10PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
not the pandemic but your policies
Vincent Rudi
Vincent Rudi Aug 17, 2021 2:09PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Such nonsense!
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email