Masters purse: What Hideki Matsuyama, Will Zalatoris and the rest made at Augusta

Associated Press

Fed's Powell sees US boom ahead, with COVID still a risk

Chair Jerome Powell, speaking to CBS' “60 Minutes," also said that he doesn't expect to raise the Fed's benchmark interest rate, currently pegged at nearly zero, this year. “We feel like we’re at a place where the economy’s about to start growing much more quickly and job creation coming in much more quickly,” Powell said. In the wide-ranging interview, Powell said that the Fed is closely studying the development of a digital dollar, but hasn't yet made a decision on whether to proceed.

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