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.

Experts believe New York will be a very different place in the aftermath of the pandemic. One big change: more affordable.

Strong sales of big-ticket items like cars and business machinery are a positive sign, but they’re just one part of a much bigger equation.

The Fed said while the economy has rebounded from the low in March and April, the pandemic will have lasting effects.

Powell said the re-opening occurred sooner than expected, with hiring and consumer spending both picking up in May.

An 8% uptick in May follows a 20% drop over March and April. That’s the good news. There are plenty of potential economic blows on the horizon.