Fed Warns of Possible Long-Term Recession, 3 Million More File Jobless Claims
Thursday, May 14, 2020 | Tag Cloud Tags: coronavirus, Federal Reserve, News, PLO, Supreme Court, United States, virus, War, Wisconsin, Worthy News | Learn about our FREE SYNDICATION Service | Sign up for our Worthy Briefs! | Printer Friendly
(Worthy News) – 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.
Americans are certainly feeling the pinch and pushing back against lockdown measures.
In Wisconsin, the state Supreme Court struck down the governor’s stay-at-home order, ruling his administration overstepped its authority. [ Source: CBN News (Read More…) ]
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Tag Cloud Tags: coronavirus, Federal Reserve, News, PLO, Supreme Court, United States, virus, War, Wisconsin, Worthy News