He said this in an interview with NBC.
“We may face a recession,” said the head of the Fed.
According to Powell, the world is faced with a “unique situation”.
At the same time, the head of the Fed expressed the hope that economic activity in the US will recover.
“The sooner we take control of the virus, the more willing people will open their business and get back to work,” he said.
Earlier, US authorities announced their intention to allocate about $ 6 trillion of assistance in connection with the spread of coronavirus infection COVID-19.
On March 24, US President Donald Trump announced that Americans need to return to work on Easter to avoid a recession in the economy.