US shares slip as Fed warns on economy

US shares slip as Fed warns on economy

The S&P 500 and Dow has slipped as Federal Reserve Chairman Jerome Powell warned of an extended period of weak growth and stagnant incomes, while he also dismissed speculation over negative interest rates. “There is a sense, growing sense I think, that the...
US shares slip as Fed warns on economy

US Fed warns sustained recession possible

US Federal Reserve Chair Jerome Powell is warning of the threat of a prolonged recession resulting from the viral outbreak and is urging Congress and the White House to act further to prevent long-lasting economic damage. The Fed and Congress have taken far-reaching...