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'We may well be in a recession,' says Fed Chairman Jerome Powell

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Automatic TRANSCRIPT

Congress is on the verge of passing a two trillion dollar stimulus package meant to keep the economy afloat while the nation tries to stem the spread of the Kobe nineteen the bill comes as the chairman of the federal reserve gave a rare television interview trying to reassure Americans nervous or nervous about the economy details from CBS Skyler Henry on Capitol Hill federal reserve chairman Jerome Powell told NBC news we may already be in a recession but he says the recovery will likely be quick people are being asked to step back from economic activity closer businesses stay home from work so in principle if we get the get the virus spread under control fairly quickly then economic activity can resume and and we want to make that rebound as vigorous as possible Ford is hoping to rebound announcing it intends to re open several of its north American plants beginning April