Fed's Powell Says Sharp Downturn Won't Last
Fed Chairman Jerome Powell warns it could be another year and a half before the U.S. recovers from the economic fallout of the pandemic. But he says this will not be another Great Depression.
by Scott Horsley
May 18, 2020
1 minute
![](https://article-imgs.scribdassets.com/8dpe3bjurk7vnbhb/images/file2UHNC0O4.jpg)
Federal Reserve Chairman Jerome Powell warns it could be another year and a half before the U.S. recovers from the economic fallout of the coronavirus pandemic. But he says this will not be another Great Depression.
"It's going with that aired Sunday. "It should be a much shorter downturn than you would associate with the 1930s."
You’re reading a preview, subscribe to read more.
Start your free 30 days