FINANCE & TAX
Fed’s Powell warns economy's pain will last
The Fed chief’s comments suggest the U.S. economy could face a rocky path for at least the next year as it attempts to rebuild.

The Fed chief’s comments suggest the U.S. economy could face a rocky path for at least the next year as it attempts to rebuild. The Commerce Department reported earlier in the day that the GDP contracted from January to March at a rate that, if sustained for a year, would shrink the economy by 4.8 percent. The second quarter of the year, a period that accounts for the full force of the pandemic shutdown, is expected to be considerably worse.

https://www.politico.com/news/2020/04/29/fed-...omy-222400