FINANCE & TAX As Trump talks rebound, Fed’s
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Posted On: 07/18/2020 9:56:07 AM
FINANCE & TAX
As Trump talks rebound, 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.
POWELL says:
“We’re going to see economic data for the second quarter that’s worse than any data we’ve seen for the economy," he said during a news conference.
And though he said there could be a burst of economic growth once stay-at-home restrictions are lifted, he added: "It’s unlikely that it would bring us quickly all the way back to pre-crisis levels.”
https://www.politico.com/news/2020/04/29/fed-...omy-222400
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