Seven weeks into coronavirus lockdowns, Fed has a new, darker message

Seven weeks into coronavirus lockdowns, Fed has a new, darker message

(Reuters) – One Thursday morning seven weeks ago, Federal Reserve Chair Jerome Powell made a rare appearance on NBC’s “Today Show” to offer a reassuring message to Americans dealing with economic fallout from measures to contain the coronavirus outbreak. There is “nothing fundamentally wrong with our economy,” Powell told viewers, while pointing out the U.S.

By Miki

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