On Wednesday, Fed Chair Jerome H. Powell said the delta variant could have fewer implications for the economy, if it follows the pattern of past waves of coronavirus surges. Powell said it was “plausible” that the delta variant, which is rapidly spreading among unvaccinated people, could discourage people from dining out or traveling, or delay school reopenings. But vaccinations, and society’s ability to adjust to life in a pandemic, may offer a cushion from harsh economic strain, he said.
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