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Fed Chair Powell speaks to the Senate Banking Committee — Watch live with updates & analysis – CNBC

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Powell testifies that inflation is ‘soft’ in semiannual report to Congress

Powell testified on Tuesday that inflation and employment remain well below the Fed’s targets, meaning easy monetary policy is likely to stay in place.

“The economy is a long way from our employment and inflation goals, and it is likely to take some time for substantial further progress to be achieved,” the Fed chief said in prepared remarks to the Senate Banking Committee.

He added that the Fed is “committed to using our full range of tools to support the economy and to help ensure that the recovery from this difficult period will be as robust as possible.”

Thomas Franck, Jeff Cox

Markets watching Powell speech for clues about policy

Investors were watching closely Tuesday as Federal Reserve Chairman Jerome Powell spoke to the Senate Banking Committee.

Markets are looking for observations on the future path of interest rates and the central bank leader’s views on the recent rise in bond yields. Powell’s presentation will start with prepared remarks, followed by a Q&A session with committee members.

The appearance is part of the congressionally mandated semiannual report on monetary policy.

— Jeff Cox

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B.C. preparing to offer COVID-19 vaccine to 6- to 11-year-olds once approved – Globalnews.ca

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British Columbia is “actively preparing” to provide the Pfizer COVID-19 vaccine to children aged six to 11, if and when it receives Health Canada approval.

Provincial health officer Dr. Bonnie Henry said Tuesday there is optimism around approvals as phase two and phase three studies are finishing up.

The information from the studies will be part of data package being submitted over the next few weeks on how well the vaccines work and how safe they are, Henry said.


Click to play video: 'Study finds Pfizer vaccine safe and effective for children 5 to 11 years-old'



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Study finds Pfizer vaccine safe and effective for children 5 to 11 years-old


Study finds Pfizer vaccine safe and effective for children 5 to 11 years-old

Read more:
Pfizer Canada eyeing urgent COVID-19 vaccine approval for children aged 5 to 11

“I think that’s very good news,” she told a news conference.

“That gives us just one more tool to be able to protect younger children against this virus.”

But she was reluctant to put a timeline on when children may be eligible for the shot. In previous statements, Henry has pointed anywhere from the fall to the end of 2021.

On Monday, Pfizer said its research shows its product works for children aged five to 11 and that it will seek U.S. authorization for this age group soon.

But Henry said Tuesday they are looking at children between six and 11 being eligible.


Click to play video: 'Pfizer says their vaccine works for children 5-11'



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Pfizer says their vaccine works for children 5-11


Pfizer says their vaccine works for children 5-11

Health Canada has said several studies on children are underway by various vaccine makers, and that it expects them to provide data in the next few months.

Pfizer studied a lower dose of its two-dose vaccine in more than 2,200 kindergartners and elementary school-aged kids, mostly in the United States and Europe.

Read more:
Pfizer Canada eyeing urgent COVID-19 vaccine approval for children aged 5 to 11

Preparing the vaccine at a lower dose could have some logistical challenges, however.

“We do know that there may be some delays before the manufacturing process,” Henry said.

“This means the vaccine will be available to children in B.C., but we are preparing so that we’re ready to offer it and we have all of the information that parents will need to make those decisions about whether their children should be immunized, and I think this will be very important, especially as we are into the school year again.”

– with files from the Canadian Press

© 2021 Global News, a division of Corus Entertainment Inc.

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China's Evergrande Crisis Could Drag Down Tether And Other Cryptocurrencies: CNBC After Hours – CNBC Television

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COVID-19 on Vancouver Island: Health officials to provide update after cases surge – CTV Edmonton

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Victoria –

Health officials identified 204 new cases of COVID-19 in the Vancouver Island region over the weekend.

The cases were among 1,692 new cases found across British Columbia since Friday, including 644 cases on Saturday, 613 on Sunday and 435 on Monday.

There are currently 5,608 active COVID-19 cases in B.C., including 661 active cases in the Vancouver Island region, according to a statement from the B.C. health ministry.

Island Health data identified the locations of 558 active cases Monday, including 309 in the South Island, 203 in the Central Island and 46 in the North Island.

Eleven people in the province died from the disease over the weekend, including six deaths in the Fraser Health region, two in the Vancouver Coastal Health region and three in the Northern Health area.

Since the pandemic began, 1,899 people in B.C. have died of COVID-19, including 58 people in the Island Health region.

There are currently 27 people in hospital with COVID-19 on Vancouver Island, with 16 patients in critical care.

There are 21 active outbreaks at B.C. health-care facilities, including one on Vancouver Island.

On Sunday, Island Health declared a COVID-19 outbreak at a Victoria care home. Two cases of the coronavirus have been detected at the Victoria Chinatown Care Centre.

All 31 residents of the home are now being tested for COVID-19, as are staff members, the health authority said.

The last health-care outbreak on the island was at Sunset Lodge long-term care home in Victoria. It ended on Friday, after infecting 21 residents and 15 staff members, killing six residents.

Approximately 86.8 per cent of eligible British Columbians have now received one dose of a COVID-19 vaccine, while 79.4 per cent have received two doses.

The province has administered 7,711,306 doses of COVID-19 vaccine since it began its immunizing campaign in December.

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