Federal Reserve warns ‘substantial likelihood’ new waves of coronavirus could lead to ‘protracted’ recession
On Wedneseay, Politico reported that the Federal Reserve is warning there is a “substantial likelihood” that new outbreaks of coronavirus could trigger additional drops in economic activity, leading to a “protracted” economic downturn. The warning comes from the minutes of a policy meeting the central bank held in April. “The document underscores that Fed officials […]