Powell testifies before Congress in September. (Photo: Drew Angerer/Pool/AFP via Getty Images)

There's a risk the U.S. economy is in for a "longer than expected slog back to full recovery," Fed chairman Jerome Powell said at the National Association for Business Economics' virtual conference on Tuesday.

Why it matters: There was a sharp rebound when the economy reopened from the pandemic shutdown, but there are signs the bounce back is petering out. Powell said there's little risk of "overdoing" economic support, a nod to Congress — which it is at a stalemate over additional stimulus.

What he's saying: "Even if policy actions ultimately prove to be greater than needed, they will not go to waste," Powell said.

  • "The recovery will be stronger and move faster if monetary policy and fiscal policy continue to work side by side to provide support to the economy until it is clearly out of the woods."

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Bond investors see brighter days

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U.S. government bonds could breakout further after yields on the benchmark 10-year Treasury note ticked up to their highest since early June last week.

But, but, but: Strategists say this move is about an improving outlook for economic growth rather than just inflation.

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Tech platforms are no longer satisfied with debunking falsehoods — now they're starting to invest in efforts that preemptively show users accurate information to help them counter falsehoods later on.

Why it matters: Experts argue that pre-bunking can be a more effective strategy for combative misinformation than fact-checking. It's also a less polarizing way to address misinformation than trying to apply judgements to posts after they've been shared.

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Locker Room wants to reinvent how fans talk sports

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The state of play: The company behind Locker Room, Betty Labs, has raised $9.3 million in seed funding led by Google Ventures with participation from Lightspeed Venture Partners, Axios has learned.