1. Fed chairman Jerome Powell: 'There's nothing fundamentally wrong with our economy'  Today.com
  2. Powell on whether the Fed has enough firepower: 'We're not going to run out of ammunition'  CNBC
  3. Fed's Powell: U.S. may be in recession, control of virus to dictate timing of economy reopening  Reuters
  4. Jerome Powell: ‘We may well be in a recession’  POLITICO
  5. Fed Chairman Jerome Powell: 'We may well be in a recession'  NBCNews.com
  6. View Full Coverage on Google News

Federal Reserve Chairman Jerome Powell told the NBC’s Today that the central bank still has plenty of tools left to support a U.S. economy that may already be in recession.Federal Reserve Chairman Jerome Powell told the NBC’s Today that the central bank still has plenty of tools left to support a U.S. economy that may already be in recession.

Fed Chairman Jerome Powell: 'We’re not going to run out of ammunition'

"This is a unique situation," Powell said of the coronavirus pandemic. "People are being asked to close their businesses and stay home from work.""This is a unique situation," Powell said of the coronavirus pandemic. "People are being asked to close their businesses and stay home from work."

'We may well be in a recession,' says Fed Chairman Jerome Powell - AOL Finance

Federal Reserve chair Jerome Powell said the economy may be in recession due to coronavirus, but has potential to rebound depending on containment.Federal Reserve chair Jerome Powell said the economy may be in recession due to coronavirus, but has potential to rebound depending on containment.

Coronavirus: Fed's Jerome Powell warns US may be in a recession

“PARTY ON! In an interview on NBC’s “Today Show” Thursday, Fed Chair Jerome Powell stressed that “when it comes to lending, we’re not going to run out of ammunition.” He added that “the only limit on that will be how much backstop we get from Treasury Department.” @business”

Danielle DiMartino Booth on Twitter: "PARTY ON! In an interview on NBC’s “Today Show” Thursday, Fed Chair Jerome Powell stressed that “when it comes to lending, we’re not going to run out of ammunition.” He added that “the only limit on that will be how much backstop we get from Treasury Department.” @business"

“interview by ⁦@SavannahGuthrie⁩ “Fed chairman Jerome Powell: ‘There’s nothing fundamentally wrong with our economy’ https://t.co/jKfk9BiZ62”

Greta Van Susteren on Twitter: "interview by ⁦@SavannahGuthrie⁩ “Fed chairman Jerome Powell: ‘There’s nothing fundamentally wrong with our economy’ https://t.co/jKfk9BiZ62"

“What a morning lineup at @TODAYshow From @federalreserve Chairman Jerome Powell to the weather with @alroker Powell’s message: We’re not going to run out of ammunition, we still have room to support the economy”

annmarie hordern on Twitter: "What a morning lineup at @TODAYshow From @federalreserve Chairman Jerome Powell to the weather with @alroker Powell’s message: We’re not going to run out of ammunition, we still have room to support the economy… https://t.co/unyOmv9HY6"

“Mnuchin says he and Fed Chair Jay Powell speak multiple times a day: “Sometimes it’s five times, sometimes it’s 30 times.” Also praises actions by the Fed to support mortgage market, etc.”

Victoria Guida on Twitter: "Mnuchin says he and Fed Chair Jay Powell speak multiple times a day: “Sometimes it’s five times, sometimes it’s 30 times.” Also praises actions by the Fed to support mortgage market, etc."

Official site of The Week Magazine, offering commentary and analysis of the day's breaking news and current events as well as arts, entertainment, people and gossip, and political cartoons. The United States "may well be in a recession," Federal Reserve Chair Jerome Powell says. The Fed chair appeared Thursday on Today amid the COVID-19 coronavirus crisis and shortly before the Labor Department will release its highly-anticipated report on the number of unemployment claims filed last week. Powell argued in the interview that the U.S. is not facing "a typical downturn" and that although "you may well see significant rises in unemployment, significant declines in economic activity," there "can also be a good rebound" once the virus is under control. Asked if the U.S. is already in a recession right now or if a recession is inevitable, Powell concluded "we may well be in a recession" but again argued this is different from a "normal recession" and that "there's nothing fundamentally wrong with our economy." Savannah Guthrie asked Powell about any additional actions that may be taken by the Federal Reserve after its previous intervention and whether there is "any limit to the amount of money the Fed is willing to put into this economy to keep it afloat" amid the crisis. Powell responded that "essentially, the answer to your question, though, is no" and later said the Fed won't "run out of ammunition." He also told Today the "first order of business" will be to get the novel coronavirus' spread under control and then to "resume economic activity." Experts are anticipating grim unemployment numbers from the Labor Department report on Thursday morning; Axios reports the figure could be as high as 3.4 million, which would be not only "the highest level in history" but "nearly five times the highest level of claims seen during the Great Recession." Powell's morning show appearance on Thursday was a rare one, and CNN's Phil Mattingly observed, "feel like a good barometer of how bad things are economically is the Fed chair is doing the Today show." Brendan Morrow

Fed chair says 'we may well be in a recession' already

He said he expected economic activity to “decline probably substantially” from April to June.

Jerome Powell: ‘We may well be in a recession’ - POLITICO

Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, is making a rare TV appearance on Thursday as he speaks in an interview Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, is making a rare TV appearance on Thursday as he speaks in an interview

Powell speech: Current crisis is not a typical downturn

Federal Reserve Chairman Jerome Powell in a rare morning-television appearance Thursday, told Americans the central bank "is working hard to support you...Federal Reserve Chairman Jerome Powell in a rare morning-television appearance Thursday, told Americans the central bank "is working hard to support you...

The Fed 'is working hard to support you now,' Powell says in rare morning-television interview - MarketWatch

Powell said that a rebound from a coronavirus-induced recession will likely be "solid."Powell said that a rebound from a coronavirus-induced recession will likely be "solid."

Bloomberg - Are you a robot?

Federal Reserve Chairman Jerome Powell gave a rare exclusive interview with the 'TODAY' show Thursday. He discussed the unprecedented impact of ... Federal Reserve Chairman Jerome Powell gave a rare exclusive interview with the 'TODAY' show Thursday. He discussed the unprecedented impact of ...

Fed Chairman Jerome Powell says the US may 'well be in a recession' due to the coronavirus pandemic | Markets Insider

WASHINGTON — Jerome Powell says the Federal Reserve would provide essentially unlimited lending to support the economy as long as it is damaged by the viral outbreak.In an interview Thursday morning on NBC's “Today” show, the Fed chair said the bank's efforts are focused on helping the economyWASHINGTON — Jerome Powell says the Federal Reserve would provide essentially unlimited lending to support the economy as long as it is damaged by the viral outbreak.In an interview Thursday morning on NBC's “Today” show, the Fed chair said the bank's efforts are focused on helping the economy

Fed chair Powell says will provide nearly unlimited lending

The United States "may well be in recession" but progress in controlling the spread of the coronavirus will dictate when the economy can fully reopen, Federal Reserve chair Jerome Powell said Thursday in an interview on NBC's Today Show.The United States "may well be in recession" but progress in controlli...

Fed's Powell: U.S. may be in recession, control of virus to dictate timing of economy reopening - Reuters