Published On: Thu, Sep 17th, 2020
World | By

The U.S. economy is hurting, and the outlook from the central bank is bleak

U.S. economy roaring back says Federal chair but full recovery will take years: Don Pittis Image 1

Borrowers can breathe a sigh of relief as the U.S. central bank predicts interest rates will stay low for years, but Jerome Powell warns that the unexpectedly quick recovery in the economy following the outbreak of COVID-19 is not likely to persist, and more government spending is needed.

CBC | World News




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