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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.