told CBS' "60 Minutes." Powell said contraction of the economy "could easily be in the 20s or 30s." The central bank chief said that jobless numbers will look a lot like they did during the 1930s, when the unemployment rate peaked out at close to 25%. Powell cautioned that a full recovery
for the coronavirus. However, he said the economy will avoid a depression. White House economic advisor Kevin Hassett told CNBC on Monday the Fed chief is being too pessimistic on how quickly the economy can bounce back.The World Health Organization's decision-making body
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Uber expected to cut thousands more jobs in another round of layoffs beginning Monday - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. After cuts he will give himself a big raise I will not miss Uber, Lyft, AirBnB or any of the other leach app companies that add nothing and take no responsibility for their services or employees. They are just Specialised Craig’s Lists that do nothing of value. GLSchwartzberg Nothing personal, just doing business.
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