Powell says economy will still need more support despite progress toward COVID-19 vaccine

Federal Reserve Chairman Jerome Powell warned Thursday that the U.S. economy will likely need further support from Congress and the central bank even if a coronavirus vaccine becomes available by the end of the year.Powell said that even if a vaccine is widely available, millions of people who lost their jobs to the pandemic will still struggle to find work as the economy attempts to recover from deeper long-term damage.”The main takeaway from…