The former White House economic adviser said the government should need “transition out of the extraordinary measures that were justifiable 60 days ago, 90 days ago, into the real world of what is the continuous definition of unemployment.”
Jerome Powell, chairman of the Federal Reserve, told Scott Pelley the American economy will rebound from the unprecedented downturn caused by the coronavirus outbreak. The Fed chair said recovery may take more than a year, no one knows for sure, but he believes the recovery could start as early as […]