Fed Chairman Powell expects a 'robust' economic recovery..

[r2d2]

 

The US economy should rebound fairly quickly when businesses reopen after the coronavirus lockdown ends, said Federal Reserve Chairman Jerome Powell this morning.Just how quickly the economy can reopen following the outbreak, however, is dependent on the path of the virus, Powell said on a Brookings Institute webinar this morning. One way or another, the second quarter will be a weak one, he said: "We do expect to see very low economic output an big increases in initial claims and unemployment."

While the Fed has no influence on the government's fiscal policies, Powell said we are likely to see more fiscal support from Washington.

[bhaigan]

Hope and Praying for it

[Tomb__ayya]

ee CCP virus valla lockdown em ledhu kadha, and public panic, self containment/lockdown by few people, and few retail business couldn't full fledged business for a couple of months, and people who completely dependent on weekly wages ki edo package isthundhi govt. then whats the impact due to this CCP Virus other than deaths & what recovery everyone talking abt

[VictoryTDP]

2 minutes ago, Tomb__ayya said:

ee CCP virus valla lockdown em ledhu kadha, and public panic, self containment/lockdown by few people, and few retail business couldn't full fledged business for a couple of months, and people who completely dependent on weekly wages ki edo package isthundhi govt. then whats the impact due to this CCP Virus other than deaths & what recovery everyone talking abt

Nothing