In a rare Sunday interview with '60 Minutes,' Federal Reserve Chairman Jerome Powell laid out his vision for America’s economic recovery—something he said could stretch through 2021—as Covid-19 continues to force business shutdowns by theothersarahh
with “60 Minutes,” Federal Reserve Chairman Jerome Powell laid out his vision for America’s economic recovery—something he said could stretch through 2021— as the coronavirus continues to force business shutdowns and ravage the labor market.Powell warned that economic recovery may take more than a year: “we really don’t know,” he said.
He conceded that unemployment numbers could peak around 20% or 25%; in April, the unemployment rate was 14.7%.
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