Economy

Fed Chairman Jerome Powell: We may well be in a recession

March 26, 2020 forkless

The coronavirus pandemic is putting unprecedented strain on the U.S. economy, Federal Reserve Chairman Jerome Powell said Thursday in an exclusive interview with Savannah Guthrie on the “TODAY” show, noting, “There can be a good rebound on the other side of this.” MORE

Economy

DOW tanks 900+ points; ends worst week since 2008

March 20, 2020 Ms. G

Stocks attempted to rally on Friday, but failed, concluding one of the most volatile weeks on Wall Street ever as investors grapple with mounting fears over the coronavirus’ economic blow. The Dow Jones Industrial Average closed 913 MORE

Economy

Trump’s bigly stimulus plan

March 18, 2020 Ms. G

As our economy crashes and burns because Trump and his administration dithered, ignored, and downplayed the Coronavirus, he now wants a YUUUUGE stimulus package to buy votes help clean up his mess. NBC obtained a MORE