Fed Chairman Says Economic system Faces New Challenges From Coronavirus



Federal Reserve Chairman Jerome Powell informed lawmakers Tuesday that the reopening of the U.S. financial system and up to date upturn in spending and hiring got here before central financial institution officers had anticipated.

He additionally mentioned the resumption of business exercise entailing extra shut human contact carries dangers, evidenced by current will increase in coronavirus infections and hospitalizations in states throughout the U.S. South and Southwest.

“We…



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