Powell on whether the Fed has enough firepower: 'We're not going to run out of ammunition'  CNBCView Full Coverage on Google News

Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, is making a rare TV appearance on Thursday as he speaks in an interview Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, is making a rare TV appearance on Thursday as he speaks in an interview

Powell speech: Current crisis is not a typical downturn

'We may well be in a recession,' says Fed Chairman Jerome Powell"There can be a good rebound on the other side of this," said Federal Reserve Chairman Jerome Powell.

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Federal Reserve chair Jerome Powell said the economy may be in recession due to coronavirus, but has potential to rebound depending on containment.Federal Reserve chair Jerome Powell said the economy may be in recession due to coronavirus, but has potential to rebound depending on containment.

Coronavirus: Fed's Jerome Powell warns US may be in a recession

“A rare live interview with the Chairman of the Federal Reserve coming up live on @TODAYshow @federalreserve”

Savannah Guthrie on Twitter: "A rare live interview with the Chairman of the Federal Reserve coming up live on @TODAYshow @federalreserve"

“PARTY ON! In an interview on NBC’s “Today Show” Thursday, Fed Chair Jerome Powell stressed that “when it comes to lending, we’re not going to run out of ammunition.” He added that “the only limit on that will be how much backstop we get from Treasury Department.” @business”

Danielle DiMartino Booth on Twitter: "PARTY ON! In an interview on NBC’s “Today Show” Thursday, Fed Chair Jerome Powell stressed that “when it comes to lending, we’re not going to run out of ammunition.” He added that “the only limit on that will be how much backstop we get from Treasury Department.” @business"

“interview by ⁦@SavannahGuthrie⁩ “Fed chairman Jerome Powell: ‘There’s nothing fundamentally wrong with our economy’ https://t.co/jKfk9BiZ62”

Greta Van Susteren on Twitter: "interview by ⁦@SavannahGuthrie⁩ “Fed chairman Jerome Powell: ‘There’s nothing fundamentally wrong with our economy’ https://t.co/jKfk9BiZ62"

“The US financial system registers negative yields, caused in part by massive safe haven flows at a time when the #Fed has floored policy rates and is itself a massive buyer of securities. #economy #markets @federalreserve”

Mohamed A. El-Erian on Twitter: "The US financial system registers negative yields, caused in part by massive safe haven flows at a time when the #Fed has floored policy rates and is itself a massive buyer of securities. #economy #markets @federalreserve… https://t.co/ciLfuScRhH"

Bloomberg - Are you a robot?

Federal Reserve Chairman Jerome Powell in a rare morning-television appearance Thursday, told Americans the central bank "is working hard to support you...Federal Reserve Chairman Jerome Powell in a rare morning-television appearance Thursday, told Americans the central bank "is working hard to support you...

The Fed 'is working hard to support you now,' Powell says in rare morning-television interview - MarketWatch

Federal Reserve Chairman Jerome Powell gave a rare exclusive interview with the 'TODAY' show Thursday. He discussed the unprecedented impact of ... Federal Reserve Chairman Jerome Powell gave a rare exclusive interview with the 'TODAY' show Thursday. He discussed the unprecedented impact of ...

Fed Chairman Jerome Powell says the US may 'well be in a recession' due to the coronavirus pandemic | Markets Insider

He said he expected economic activity to “decline probably substantially” from April to June.

Jerome Powell: ‘We may well be in a recession’ - POLITICO

Federal Reserve Chairman Jerome Powell said early Thursday the central bank will lend as much as it can across the U.S.Federal Reserve Chairman Jerome Powell said early Thursday the central bank will lend as much as it can across the U.S.

Powell: Federal Reserve will not 'run out of ammunition' to protect economy | TheHill

Federal Reserve Chairman Jerome Powell said early Thursday the central bank will lend as much as it can across the U.S.Federal Reserve Chairman Jerome Powell said early Thursday the central bank will lend as much as it can across the U.S.

Powell: Federal Reserve will not 'run out of ammunition' to protect economy | TheHill

Federal Reserve Chairman Jerome Powell told the NBC’s Today that the central bank still has plenty of tools left to support a U.S. economy that may already be in recession.Federal Reserve Chairman Jerome Powell told the NBC’s Today that the central bank still has plenty of tools left to support a U.S. economy that may already be in recession.

Fed Chairman Jerome Powell: 'We’re not going to run out of ammunition'

Powell said that a rebound from a coronavirus-induced recession will likely be "solid."Powell said that a rebound from a coronavirus-induced recession will likely be "solid."

Official site of The Week Magazine, offering commentary and analysis of the day's breaking news and current events as well as arts, entertainment, people and gossip, and political cartoons. The United States "may well be in a recession," Federal Reserve Chair Jerome Powell says. The Fed chair appeared Thursday on Today amid the COVID-19 coronavirus crisis and shortly before the Labor Department will release its highly-anticipated report on the number of unemployment claims filed last week. Powell argued in the interview that the U.S. is not facing "a typical downturn" and that although "you may well see significant rises in unemployment, significant declines in economic activity," there "can also be a good rebound" once the virus is under control. Asked if the U.S. is already in a recession right now or if a recession is inevitable, Powell concluded "we may well be in a recession" but again argued this is different from a "normal recession" and that "there's nothing fundamentally wrong with our economy." Savannah Guthrie asked Powell about any additional actions that may be taken by the Federal Reserve after its previous intervention and whether there is "any limit to the amount of money the Fed is willing to put into this economy to keep it afloat" amid the crisis. Powell responded that "essentially, the answer to your question, though, is no" and later said the Fed won't "run out of ammunition." He also told Today the "first order of business" will be to get the novel coronavirus' spread under control and then to "resume economic activity." Experts are anticipating grim unemployment numbers from the Labor Department report on Thursday morning; Axios reports the figure could be as high as 3.4 million, which would be not only "the highest level in history" but "nearly five times the highest level of claims seen during the Great Recession." Powell's morning show appearance on Thursday was a rare one, and CNN's Phil Mattingly observed, "feel like a good barometer of how bad things are economically is the Fed chair is doing the Today show." Brendan Morrow

Fed chair says 'we may well be in a recession' already

"This is a unique situation," Powell said of the coronavirus pandemic. "People are being asked to close their businesses and stay home from work.""This is a unique situation," Powell said of the coronavirus pandemic. "People are being asked to close their businesses and stay home from work."

'We may well be in a recession,' says Fed Chairman Jerome Powell - AOL Finance