Powell: the epidemic has completely changed the American economy. It will never be what it used to be.
Federal Reserve Chairman Colin Powell said Tuesday that the COVID-19 epidemic has brought permanent changes to the US economy, and the Fed must adapt to these changes. "We are not simply going back to the economy before the pandemic," Powell said at a meeting with educators and students. "We need to carefully observe how the economy continues to survive the epidemic and try to understand the way the economy is changing." and the impact on our policies. " Mr Powell said that while it was not clear whether novel coronavirus's Delta variant would have a further impact on the economy, significant changes had taken place in the US since the shutdown caused by the epidemic in March 2020. He pointed out
Musk says Tesla is close to establishing a stronghold in Russia
Tesla CEO Musk said via webcast of the Moscow meeting that Russia has many talents and energy, and there should be more dialogue between Russia and the US. Musk, who is also the CEO of US government contractor SpaceX, said he was invited by Kremlin spokesman Dmitry Peskov to speak at the event. Russia is one of the countries where the automaker may set up a factory, he said. Musk said he is a big fan of Russia's achievements.
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