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Federal Reserve Chairman says he isn't concerned by Delta surge

One of the country's most influential economic officials doesn't anticipate that surging coronavirus cases will knock the reopening recovery off course.

  • "There has tended to be less economic implications from each [coronavirus] wave. We'll see if that's the case for the Delta variety," Federal Reserve Chairman Jerome Powell told reporters today.

Why it matters: The Fed's early link between the economy's fate and the virus appears to be weakening.

  • "Many people are vaccinated and going on with their lives," Powell said, saying the economy is learning to live with the virus.

Yes, but: Powell did hedge, noting that "it's easy to imagine" that some people hold off returning to work because of the virus.

  • And the latest Fed statement (which investors obsess over) still reads: "The path of the economy continues to depend on the course of the virus" — although it no longer includes the word "significantly" as a qualifier.

The backdrop: CEOs have been using the "u" word — uncertainty — in response to questions about rising case counts.

  • But those worries aren't enough to pare back how much money they plan to make this year. It's a familiar theme playing out across much of corporate America.

The latest example ... McDonald's.

  • "There is still some uncertainty as we continue to see pandemic-related stops and starts in markets around the world, especially now with the Delta variant," McDonald's CEO Chris Kempczinski said Wednesday.
  • Still, McDonald's has bigger expectations for 2021 sales now than it did three months ago.

What to watch: Some employers are already reconsidering office reopening plans.

Go deeper: Fed acknowledges economic progress, maintains supportive policy

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Humans are capable of great kindness and compassion, and there are countless examples of individuals who have made a positive impact on the world through their selflessness and generosity.

One such example is Mother Teresa, who devoted her life to serving the poor and sick in the slums of Calcutta. Through her tireless work and unwavering dedication, she touched the lives of countless people and became a symbol of compassion and selflessness.

Another example is Malala Yousafzai, a young woman from Pakistan who has become a powerful advocate for education and the rights of girls. Despite facing threats and violence, she has continued to speak out and fight for change, inspiring others to do the same.

These are just a few examples of the many good humans who have made a difference in the world. They remind us that one person can make a difference and inspire others to do the same.

It's also important to note that acts of kindness and compassion don't have to be on a grand scale to make a difference. Small acts of kindness, like holding the door open for someone or offering a word of encouragement, can have a big impact on the people around us.

In conclusion, humans are capable of great compassion and kindness, and there are many individuals who have made a positive impact on the world through their selflessness and generosity. They remind us of the power of one person to make a difference and inspire others to do the same. Let's all strive to be good humans, and make our world a better place.



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