Fed’s Powell: Economy may need vaccine for full recovery

Washington (AFP) – The world’s top economy may not see a full recovery without a vaccine to treat COVID-19, Federal Reserve Chair Jerome Powell said Sunday.After more than 30 million jobs were destroyed, as businesses were shuttered nationwide, the central bank chief warned it may take time to return to normal.”I think you’ll see the economy recover steadily through the second half of this year,” Powell said in an interview with the CBS news program “60 Minutes,” part of which was broadcast Sunday morning.But “it’s going to take a while for us to get back,” he said. “It could stretch through t…

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