Fed’s Powell: U.S. may be in recession, control of virus to dictate timing of economy reopening

March 26, 2020 admin Business News Comments Off on Fed’s Powell: U.S. may be in recession, control of virus to dictate timing of economy reopening

The United States “may well be in recession” but progress in controlling the spread of the coronavirus will dictate when the economy can fully reopen, Federal Reserve chair Jerome Powell said Thursday in an interview on NBC’s Today Show.

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Source:: Reuters – Business News