Powell warns of ‘significant uncertainty’ about the recovery and says small businesses are at risk

Fed Chairman Jerome Powell warned that “significant uncertainty remains about the timing and strength of the recovery.”

The central bank leader made the remarks during the first day of his semiannual testimony before Congress.

They echoed the tone he expressed last week following the Federal Open Market Committee meeting.

He added a note of caution about small businesses being imperiled by the slow move back from a recession that began in February.