About: http://data.cimple.eu/news-article/bff76669e62bcd5194ebcdfd3995dc15a58cfbfa8689bcbc9e55c0d9

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About: http://data.cimple.eu/news-article/bff76669e62bcd5194ebcdfd3995dc15a58cfbfa8689bcbc9e55c0d9 Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	Federal Reserve chief Jerome Powell said Thursday that it is "too soon to assess" the potential impact of a coronavirus vaccine on the economy in 2021, despite recent announcements that have stoked hopes. "This is certainly good and welcome news for the medium term," Powell told a virtual conference organised by the European Central Bank. However, "significant challenges and uncertainty remain about timing, production, distribution and the efficacity for different groups" of a vaccine, he added. "It's too soon to assess with any confidence the implications of the news for the path of the economy especially in the near term". The appearance was Powell's first in public since US pharma giant Pfizer and Germany's BioNTech announced promising results in trials of their potential vaccine showing efficacy of around 90 percent, prompting a rapturous response on financial markets. Playing down the immediate optimism, Powell warned that "with the virus spreading the next months could be challenging". ECB President Christine Lagarde cautioned against "exuberant" hopes for the vaccine's economic impact, also highlighting the likely logistical challenges. And Bank of England head Andrew Bailey said he hoped the positive news would reduce uncertainty over the economic outlook, but "we're not there yet". Even with a vaccine on the cards, the euro area's economic recovery is likely to be "unsteady", Lagarde had said as she opened the conference Wednesday, with support from central banks needed well into the foreseeable future. jpl/tgb/mbx
schema:headline	Fed's Powell says too soon to gauge vaccine impact
schema:mentions	Jet Propulsion Laboratory European Central Bank Positive News Eurozone Lewis F. Powell Jr. USA Gymnastics Christine Lagarde England national football team Federal Reserve Germany Virus Pfizer Vaccine Severe acute respiratory syndrome coronavirus 2 President of the United States Unsteady (song) Andrew Bailey (baseball) Stoked (TV series) Jerome Powell Microsoft Outlook
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-11-12 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	88 (xsd:integer)

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