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A full rebound from the coronavirus recession won’t be as simple as recouping every lost job, Federal Reserve Chair Jerome Powell said Thursday.

The US economy is decidedly on the path to recovery. The March jobs report beat estimates and other indicators signal activity is bouncing back thanks to reopening and new stimulus. Continued vaccination suggests the coming months will show similarly encouraging trends.

There’s reason to be optimistic, but there’s still plenty of work to do before the country is completely healed, Powell said in a virtual conference hosted by the International Monetary Fund. While details ⇒

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