Don't bet against America, says Fed chief on '60 Minutes'
18 Mai, 2020, 16:50 | Auteur: Auguste Feret
Federal Reserve chairman Jerome Powell , speaking on ' 60 Minutes ,' said an economic recovery could take as long as another year and a half, but he said he believes the economy could begin recovering as early as the second half of this year. "We really don't know", he said.
"Assuming there's not a second wave of the coronavirus, I think you'll see the economy recover steadily through the second half of this year", the US central bank chief said in an excerpt of an interview conducted Wednesday and aired on Sunday on CBS's "Face the Nation" show.
Powell repeatedly returned to health issues as central to the success of a USA economic reopening, calling on Americans to "help each other through this" by adhering to social distancing rules as state and local governments begin to lift restrictions on social and economic activities.
"This economy will recover", he said. That has raised the hope of a gradual return to normal, but also has increased the risk of new infections.
Newsweek has contacted the Federal Reserve for further comment.
Twitter announces that employees can work from home forever
Dorsey also said that Twitter's offices would not reopen until September 2020 at the earliest, according to BuzzFeed News . Social media site Twitter has said employees can opt to continue home working "forever" after the Covid-19 crisis eases.
Mayence sauvé par Pierre Kunde Malong — Bundesliga
Un avantage au score que les pensionnaires du RheinEnergieStadion sont parvenus à préserver jusqu'au retour aux vestiaires. L'ancien joueur de Mouscron et de La Gantoise Taiwo Awoniyi a réduit l'écart au terme d'un beau mouvement collectif (60e).
The US economy could "easily" collapse by 20 to 30 percent this quarter, and unemployment could peak at 20 to 25 percent, but, "it should be a much shorter downturn than you would associate with the 1930s".
The most important policy objectives should be to "keep workers in their homes, keep them paying their bills", he said. United States legislators beginning in March committed $3 trillion to offset job losses and other economic troubles related to the pandemic.
The Fed cut its interest rates to near-zero as the pandemic spread and has launched a series of programmes to help businesses and markets continue functioning.
With the US Dollar remaining relatively stable, Bullion bulls are relishing any opportunity to push Gold prices higher, with $1800 appearing to be just around the corner.
The US Fed chairman said that the coming global economic recession could be curbed if enough support is provided now. "Not by a long shot".
La présidente refuse de reconnaître le principe de l'unité de l'île et de la Chine continentale au sein d'un même pays. Et le président américain Donald Trump a menacé de "couper toute relation" avec Pékin.
Il était chez lui lorsqu'il est tombé malade et a été transporté d'urgence à l'hôpital, dans un état critique. C'est un post sur sa page Facebook qui a relayé la funeste nouvelle, sans en préciser les causes.
The total for new infections announced Sunday was the lowest since March 4, and the death total was the lowest since March 9. Citizens will be allowed to move more freely within their own region, while trips to other regions will still be limited.
Son rôle dans La Grande Bouffe de Marco Ferreri, un des plus gros scandales du festival de Cannes , en 1973, en est la preuve. Il y invente des personnages où, derrière une apparente quiétude, se cache le vertige de la folie.
Steve O'Donnell, Nascar's executive vice president, said: "We didn't have to tell anyone or remind anyone to wear a mask". The penalty for such an infraction is a one-race suspension for the driver's crew chief along with a $20,000 fine.
Consoles and mobile will have to wait some time longer, but for now, here's the PC Terraria: Journey's End release time. The exact time of the update is 22:30 IST/10:00 PDT/13:00 EDT/18:00 BST and it will be available on Steam.
Canadian air force plane crashes, one dead
The RCAF has announced that they are working on "determining the status of our personnel and supporting emergency personnel". Resident Annette Schoneville told CBC that she witnessed the jet crash as she was having coffee with friends nearby.