40% of households earning $40,000 or less lost a job in March, Fed chair says

  • By cvbizz
  • May 14, 2020
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The nation’s top central banker shared a dire view of the American economy Wednesday — an economy that all experts agree is currently in recession.”Deeper and longer recessions can leave behind lasting damage to the productive capacity of the economy,” Federal Reserve Chair Jerome Powell said in his prepared remarks.He went on to urge more action from Congress to rescue the U.S., noting the extreme

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