Audioburst Search

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

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

Coming up next

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

KRLD News, Weather and Traffic 2 months ago

Authors retract study that raised concern about drug for COVID-19

WTOP 24 Hour News 1 hr ago

Rep. John Lewis' message to protesters fighting for racial equality

Paul and Jordana 2 hrs ago

Grassley blocks 2 Trump nominees over refusal to explain watchdog firings

Hammer and Nigel 2 hrs ago

Rand Paul holds up passing bill that would ban lynching

Terry Meiners 2 hrs ago

NY Gov. Cuomo declares victory over Coronavirus as daily deaths in the state fall below 50 for the first time in 10 weeks

Bloomberg Surveillance 13 hrs ago

YouTuber charged after video shows him at damaged Arizona mall

Sean Hannity 5 hrs ago

U.S. Navy vet freed from Iran after nearly 2 years in custody

Larry O'Connor 5 hrs ago

Seattle curfews canceled after mayor meets with community leaders

First Light 13 hrs ago

Drew Brees apologizes for comments on kneeling protests

Michael Wallace and Steve Scott 7 hrs ago

Minneapolis police misconduct complaints hit a record high in 2018

Hey, It's Cory Hepola 8 hrs ago