US economy won't recover fully until there's a coronavirus vaccine, says Federal Reserve chairman

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Jerome Powell warned of a 30 per cent contraction, but reminded that crisis does not stem from economic dysfunction

, has said that while the US’s economy should recover “substantially” from what looks to be a devastating recession, it will first shrink by as much as 20-30 per cent this quarter – and that a full rebound will probably only be possible once a, Mr Powell made clear that while the economic disaster wrought by the pandemic is a dire one indeed, the US can take heart from the fact that it does not reflect fundamental flaws in the economy’s functioning before the virus hit.

Source: Financial Digest (financialdigest.net)

 

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Early read from our space sourced SpaceKnow US Activity Index suggest May will see a pickup in activity vs. April, BUT not even 20% of the normal activity see before the pandemic

So apart from being a financial whizz kid he's also an epidemiologist. What were the chances? 👍

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How come somebody in Europe has a patent on it from last year

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