Fed’s Powell warns unemployment could reach Depression-level 25 percent
Federal Reserve Chair Jerome Powell on Sunday warned that the nation’s unemployment rate could soar to 25 percent during the worst of the coronavirus crisis, though he said the economy should recover more quickly than during the Great Depression, when joblessness last reached those levels. “Those numbers sound about right for what the peak may …
Fed’s Powell warns unemployment could reach Depression-level 25 percent Read More »