By Brian Cheung | 4 September 2020
YAHOO! FINANCE — Federal Reserve Chairman Jay Powell said Friday that Americans should wear masks and follow social distancing guidelines to ensure an economic recovery.
“There’s actually enormous economic gains to be had nationwide from people wearing masks and keeping their distance,” Powell told NPR. Powell added that short of a vaccine, such measures enable people to “go back to work and not get sick.”
Powell also spoke about the August jobs report, describing the addition of 1.371 million payrolls in August as “a good one.” The Bureau of Labor Statistics reported the new numbers on Friday morning, which also showed the unemployment rate falling to 8.4% — below the street’s expectations.