Day: June 11, 2020

Fed’s dire outlook: GDP seen shrinking by 6.5 percent this year

11th June 2020

“This is the biggest economic shock, in the U.S. and in the world, really, in living memory,” Fed Chair Jerome Powell said at a press conference after central bank officials met in Washington. ”We went from the lowest level of unemployment in 50 years to the highest level in close to 90 years, and we […]

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