Fed chief warns of a possible sustained recession

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell warned Wednesday of the threat of a prolonged recession resulting from the viral outbreak and urged Congress and the White House to act .....»»

“Deeper and longer recessions can leave behind lasting damage to the productive capacity of the economy,â.....»»

Federal Reserve Chair Jerome Powell said widespread bankruptcies among small businesses and extended unemployment for many people remain a serious risk.“We ought to do what we ca.....»»

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. .....»»

Thomson Reuters The global economy is facing threats never seen before that necessitate cross-border cooperation, International Monetary Fund chief Kristalina Georgieva told CNBC on Friday. The world "is now in recession," she said, adding that the dow.....»»

Reuters/Jonathan Ernst Ex-Federal Reserve Chair Janet Yellen warned coronavirus could cause the US economy to shrink, according to Bloomberg. "It's just conceivable that it could throw the United States into a recession," the former centr.....»»

From the trade war to a debt crisis and everything in between, there’s clearly a lot to be worried about in terms of the health of the global economy, according to Mark Zandi, chief economist at Moody’s Analytics......»»

Associated Press Blackstone's billionaire boss said the risk of a US recession has fallen, fears of a downturn are "overblown," and the American economy will .....»»

A U.S. recession is on the doorstep but the stock market is ignoring it, Deutsche Bank chief global strategist Binky Chadha warns.....»»

Trump's chief economic advisor, Larry Kudlow, pushed back against fears of an economic downturn on Sunday saying, “I don’t see a recession at a.....»»

Jeffrey Gundlach, chief executive of DoubleLine Capital, warned on Wednesday that rate cuts by the U.S. Federal Reserve were not going to stop a recession from happening and that "once the Fed is in easing mode, it is already too late.".....»»

European equity and credit markets have exploded higher on the heels of Mario Draghi's "whatever it takes" double-down this week, former IMF Chief Economist, Olivier Blanchard spoke to CNBC Europe, pouring some rational .....»»

Distortions mean an inversion does not necessarily point to recession, says former Fed chief......»»

Mike Wilson, chief equity strategist at Morgan Stanley, on Monday downgrades S&P 500’s earnings-per-share growth target for the year to 1% from 4.3% and warns of a looming earnings recession......»»

Mike Wilson, chief equity strategist at Morgan Stanley, on Monday downgrades S&P 500’s earnings-per-share growth target for the year to 1% from 4.3% and warns of a looming earnings recession......»»

America's Confused Commander-In-Chief Warns Israel Against Attacking Israel While Democratic strategists have long.....»»

Federal Reserve Chairman Jerome Powell was clear in new remarks Tuesday that the central bank has no intention of cutting rates until the U.S. makes sustained progress in bringing down inflation. The Fed chief.....»»

Ukraine"s military chief warns of "significantly" worsening battlefield situation in the east.....»»

Stocks have lost touch with reality, the microchip buying frenzy won't last, and stagflation is in the cards, Jesse Felder said. Markets guru Jesse Felder expects stocks to disappoint .....»»

Investors aren't worried about risk and the Fed helped them get there, but it isn't going to end well, warns our call of the day from Thomas H. Kee Jr., president and chief executive of Stock Traders Daily and portfolio manager at Equity Logic......»»