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Federal Reserve Chair Jerome Powell said Tuesday the scope and speed of the economic downturn due to Covid-19 in the U.S. “are without modern precedent and are significantly worse than any recession since World War II.”

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FOX Business’ Edward Lawrence on Federal Reserve Chairman Jerome Powell’s comments on coronavirus’ economic impact.

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FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C. read more

Fed Chair Powell speaks about economic issues amid the coronavirus pandemic.
#JeromePowell #Recession #economicrecovery
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Powell will talk about the current state of the economy, the Fed’s response to the crisis, and what lies ahead at the Hutchins Center on Fiscal and Monetary Policy at Brookings.

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Talk show host Jimmy Kimmel’s sidekick ‘Guillermo’ gets Norman Powell to do a “Canadian shot” of maple syrup, and explain what a Raptor is on the eve of the NBA Finals.