We're never going back to the old economy, Fed Chairman says

Federal Reserve Chairman Jerome Powell doubled down on Tuesday on his remarks that the economy as we know it is over. Powell is seen in this image at the Senate's Committee on Banking, Housing, and Urban Affairs hearing on September 24, 2020 in Washington, DC.

Federal Reserve Chairman Jerome Powell doubled down on his remarks that the economy as we know it is over during a virtual appearance Tuesday at the Bay Area Council Business Hall of Fame Awards Ceremony.

"We're not going back to the same economy, we're going back to a different economy," Powell said, echoing comments he made at the European Central Bank's Forum on Central Banking last week.

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