Powell warns of prolonged recession from pandemic

U.S. Federal Reserve Chair Jerome Powell warned Wednesday of the threat of a prolonged recession resulting from the viral outbreak and urged Congress and the White House to act further to prevent long-lasting economic damage. (May 13) Subscribe for more Breaking News: http://smarturl.it/AssociatedPress Website: https://apnews.com...

Fed’s Powell to assess next phase of pandemic economy

Fed’s Powell to assess next phase of pandemic economy © Reuters. U.S. Federal Reserve Chairman Jerome Powell  speaks in Washington By Howard Schneider WASHINGTON (Reuters) – Federal Reserve Chair Jerome Powell, having overseen the rapid creation of the central bank’s massive network of pandemic-era programs, turns...