Fed chair Jerome Powell says ’we may well be in a recession’

Fed chair Jerome Powell says ’we may well be in a recession’

Federal Reserve Chair Jerome Powell said that the US ’may well be in recession’ but that it was unlike a typical downturn because there is nothing fundamentally wrong in the economy, and the confidence would return once the virus was under control. Powell added that the progress in controlling the spread of the coronavirus would determine when the economy reopens.

Clara
Clara
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Fed chair Jerome Powell says ’we may well be in a recession’

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