Federal Reserve chairman warns economy may not 'fully recover' until coronavirus vaccine is develope

[mystery-ak]

Federal Reserve chairman warns economy may not 'fully recover' until coronavirus vaccine is developed
by Mica Soellner
 | May 17, 2020 04:20 PM

Federal Reserve Chairman Jerome Powell said the U.S. economy might not "fully recover" without a coronavirus vaccine.

In an excerpt from CBS's 60 Minutes on Sunday, Powell expressed confidence in an economic recovery but said the nation might face a tricky timeline on bouncing back from the fallout brought by the coronavirus pandemic.

"It's going to take a while for us to get back," he said.

If a second wave of the coronavirus doesn't hit, Powell said he expects a steady recovery throughout the second half of the year. But without a vaccine, he doesn't think there will be full consumer confidence for a total recovery.

more
https://www.washingtonexaminer.com/news/federal-reserve-chairman-warns-economy-may-not-fully-recover-until-coronavirus-vaccine-is-developed

[Smokin Joe]

Oh wow. even the banksters are pushing this vaccine.

[The_Reader_David]

First Fauci, then Newsom, now Powell, with the ridiculous vaccine uber alles absolutism.

There are three ways back to the "old normal". (Though I suspect we'll still see lots more working from home and virtual meetings even once everything's open again -- I like being able to "go to" seminars at MIT, UC Riverside and the University of Birmingham (UK) all in the same week without leaving Kansas).

(1) an effective widely available vaccine
(2) herd immunity
(3) treatment protocols that get the fatality rate down to a level comparable with a seasonal flu.

As I have observed before in making this point, people don't like to think about the third because it involves making a rational assessment of risk, something people are lousy at (which is how the shift from "bend the curve" to "stay home until there's a vaccine" took hold among both policy makers and a large segment of the populace).

[corbe]

      I can truly see myself lining up in a Wells Fargo Bank, or Bank of America, the same people that did so well with my mortgage, handling my Covid $hit.   
      Sorry Sir, you haven't been wearing your mask as required so your account has been placed in arrears, please report to door 7 for rehabilitation.

[Smokin Joe]

First Fauci, then Newsom, now Powell, with the ridiculous vaccine uber alles absolutism.

There are three ways back to the "old normal". (Though I suspect we'll still see lots more working from home and virtual meetings even once everything's open again -- I like being able to "go to" seminars at MIT, UC Riverside and the University of Birmingham (UK) all in the same week without leaving Kansas).

(1) an effective widely available vaccine
(2) herd immunity
(3) treatment protocols that get the fatality rate down to a level comparable with a seasonal flu.

As I have observed before in making this point, people don't like to think about the third because it involves making a rational assessment of risk, something people are lousy at (which is how the shift from "bend the curve" to "stay home until there's a vaccine" took hold among both policy makers and a large segment of the populace).

It's the CDC and WHO and that bunch that want the vaccine, because Bill Gates is millions deep in getting one.
A twenty five dollar off-the-shelf treatment (and that is for administering ALL THREE medications) doesn't offer any new patents, income, power, it just makes people well, unlike just picking one of the medications and claiming the whole regimen is a failure (because it was not properly administered).