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Fed chair warns of long, painful downturn if Congress does not provide more economic relief
Fed chair warns of long, painful downturn if Congress does not provide more economic relief
WEDNESDAY, MAY 13, 2020
WASHINGTON - Federal Reserve Chairman Jerome Powell gave a dire warning Wednesday that the U.S. economy could become stuck in a painful multi-year recession if Congress and the White House do not approve more aid to address the coronavirus pandemic's economic fallout.Fed chair warns of 'heartbreaking' scenario as U.S. economy suffers worst first quarter since Great Recession
Fed chair warns of 'heartbreaking' scenario as U.S. economy suffers worst first quarter since Great Recession
THURSDAY, APRIL 30, 2020
WASHINGTON - The U.S. economy suffered its sharpest decline since the Great Recession - a 4.8 percent drop - from January through March, and the head of the Federal Reserve warned the second quarter would be even uglier as many Americans continued to stay home to stem the spread of the coronavirus.Confidence in Fed chair hits highest point since Greenspan era
Confidence in Fed chair hits highest point since Greenspan era
THURSDAY, APRIL 23, 2020
Americans' confidence in the Federal Reserve's leadership reached a 15-year high as the central bank moved aggressively to counter the crippling economic impact of the coronavirus pandemic.
