Fed Warns of Possible Long-Term Recession, 3 Million More File Jobless Claims

WASHINGTON – Federal Reserve Chair Jerome Powell says the United States may face a prolonged economic downturn, and new unemployment numbers out Thursday morning seem to reinforce his prediction. The latest stats reveal nearly 3 million more Americans filed for jobless aid –coronavirus-related layoffs now reaching 36 million.

Read more here: https://www1.cbn.com/cbnnews/politics/2020/may/fed-warns-of-possible-long-term-recession-as-3-million-more-file-jobless-claims

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