Global stocks rise despite Fed's Powell warning that the coronavirus downturn could last until late 2021
Global stocks climbed on Monday as investors brushed off Federal Reserve chairman Jerome Powell's warning that the coronavirus-fueled economic downturn could last until the end of next year.
as it would"take a while for us to get back." However, he remained optimistic about an economic rebound if there isn't a second wave of infections.
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Fed Chairman Jerome Powell warns that economic downturn could last until late 2021 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
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