Powell remained optimistic that the economy would eventually rebound, assuming the coronavirus doesn't erupt into a second wave."It could stretch through the end of next year," he added, stressing that the US economy may not fully recover until the arrival of a COVID-19 vaccine.
The US has seen the largest number of coronavirus cases of any country in the world. As of Sunday evening, it has reported over 1.4 million cases and more than 89,000 deaths. "Keep workers in their homes, keep them paying their bills. Keep families solvent," he said, adding that he believed trillions of dollars in additional federal debt could be paid over decades.
Optimistic!
աօա !
The headline is 'FAKE NEWS' as Powell said the economic downturn COULD last to 2021 but we really DON'T KNOW. ☆☆Journalism is really dead.☆☆
The FED needs the money. They don't need a closed Market in every district distracted by teasing either. With all these people consuming and not providing taxes or keeping down dependacy there's the reason why this was tweeted.
No kidding
Spikes clusters waves peaks lows all terms used by media very often incorrectly in statistical terms. Significance of these terms must be weighed against long term trends mindful of averages baselines. 10 cases could be a spike when avg over x days is 5 cases media sensationalise
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Source: CNBC - 🏆 12. / 72 Read more »