Fed Chair Warning Causes Dow to Tank 500 Points

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Fed Chair Warning Causes Dow to Tank 500 Points

Federal Reserve Chair Jerome H. Powell warned yesterday that there is prolonged economic pain ahead for Americans, rocking investor confidence and causing the Dow to fall 500 points for a third day in the red. Powell urged lawmakers to inject additional fiscal support into the country in order to lessen the financial pain of the coronavirus pandemic, avoid long-term damage and lead to a stronger economic recovery. It remains unclear whether the White House is willing to take that step.

Image via Unsplash/Markus Spiske

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