The only thing really left is for Congress and a president to pass more stimulus.
Calls for austerity likely slowed the economic recovery from the Great Recession. Could that happen again?
Low inflation is a sign that the recovery may be losing steam.
Biden's COVID task force is expected to tackle funding for state and local governments, as well as schools and small businesses.
Social distancing and wearing masks will help get the economy back to full strength, Powell said Thursday.
Yet the recovery from the deepest recession since the Great Depression of the 1930s remains far from complete.
And that's likely to hurt families who are already stretched to the limit.
The Fed said while the economy has rebounded from the low in March and April, the pandemic will have lasting effects.