Fed chairman: GDP could shrink by 30% but depression unlikely
By
Amy Novotney
May 19, 2020
Although the U.S. gross domestic product could shrink upwards of 30% in the second quarter, Federal Reserve Chairman Jerome Powell told 60 Minutes Sunday that the economy will avoid a Depression-like economic...
Economic impact of coronavirus continues to escalate
By
Amy Novotney
Mar 09, 2020
Market turbulence amidst the continuing spread of coronavirus continued Friday as stocks and oil prices tumbled and the yield on the benchmark 10-year Treasury note fell below 0.7% for the first time.