Federal Reserve chair Jerome Powell said in an excerpt from CBS' "60 Minutes" on Sunday that the U.S. economy may not experience a full recovery until a coronavirus vaccine is available.

The big picture: Earlier Sunday, Health and Human Services Secretary Alex Azar predicted the U.S. will be able to return to some degree of normalcy thanks to "traditional public health tools" and that "everything does not depend on a vaccine."

  • Powell stressed that "for the economy to fully recover, people will have to be fully confident" — and that may not happen without a vaccine.
  • However, Powell added that he's optimistic that the economy will "recover steadily" in the second half of the year, assuming there isn't a second wave of the coronavirus.

President Trump has claimed that the U.S. could have a vaccine by the end of the year, a far more ambitious timeline than most public health experts project.

  • Rick Bright, the former director of a key vaccine agency, testified last week that even a 12- to 18-month timeline is "aggressive" and that the U.S. does not have a plan to distribute a vaccine for the coronavirus in a "fair and equitable manner" when one becomes available.

Go deeper: Powell warns of "lasting" economic damage without more stimulus

Go deeper

Updated 17 hours ago - Health

U.S. coronavirus updates

Data: The COVID Tracking Project; Note: Does not include probable deaths from New York City; Map: Andrew Witherspoon/Axios

The number of COVID-19 cases recorded in the U.S. surpassed 5 million on Sunday morning, per Johns Hopkins data.

The big picture: Presumptive Democratic presidential nominee Joe Biden noted in an emailed statement that 5 million "is more than the entire population of Alabama — or of more than half the states in our union, for that matter," as he blamed President Trump for his handling of the pandemic.

Updated 22 mins ago - World

Protests erupt in Belarus after "Europe's last dictator" claims election win

Protesters and riot police clash in Minsk, Belarus, on Sunday during a demonstration against President Alexander Lukashenko's claim of a landslide victory. Photo: Misha Friedman/Getty Images)

Riot police clashed with protesters in Belarus overnight after a government exit poll predicted Sunday President Aleksander Lukashenko, an authoritarian who has ruled the Eastern European country since 1994, had overwhelmingly defeated a pro-democracy opposition candidate.

Why it matters: It's a precarious moment for the former Soviet republic, where decades of repression and a complete disregard for the coronavirus pandemic threaten to topple "Europe's last dictator." Rights groups said at least one protester was killed and dozens more wounded in a "police crackdown," per AP.

Updated 36 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Global: Total confirmed cases as of 11 a.m. ET: 19,909,062 — Total deaths: 732,128 — Total recoveries — 12,138,271Map.
  2. U.S.: Total confirmed cases as of 11 a.m. ET: 5,053,123 — Total deaths: 163,047 — Total recoveries: 1,656,864 — Total tests: 61,792,571Map.
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  6. 🎧 Podcast: Indoor air is the next hotspot.