Fed's Powell says outlook "highly uncertain," but pins hope on vaccinations

Federal Reserve Chairman Jerome Powell said Tuesday that the U.S. economic outlook remains "highly uncertain" amid the coronavirus pandemic, although ongoing vaccinations raise hope for an improved situation later this year."In recent weeks, the number of new cases and hospitalizations has been falling, and ongoing vaccinations offer hope for a return to more normal conditions later this year," Powell said in prepared remarks for congressional testimony."However, the economic recovery remains uneven and far from complete, and the path ahead is highly uncertain," he added.The U.S. central ba…READ FULL ARTICLE