Post Tagged with: "Atlanta Fed"

Source: CNBC

Powell says GDP could shrink more than 30%, but he doesn’t see another Depression


The U.S. economy could shrink by upwards of 30% in the second quarter but will avoid a Depression-like economic plunge over the longer term, Federal Reserve Chairman Jerome Powell told “60 Minutes” in an interview aired Sunday.

The central …

May 18, 2020 - 1:00 pm Closing Bell Story‎, Economy, Finance, Regulatory