S&P 500, Dow slip after Powell’s somber outlook on economy
May 13, 2020Exclusive: U.S. airlines tell crews not to force passengers to wear masks
May 13, 2020In nod to grim U.S. outlook, Fed’s Powell calls for more fiscal support
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The head of the Federal Reserve warned on Wednesday of an “extended period” of weak economic growth, vowed to use the U.S. central bank’s power as needed, and called for additional fiscal spending to stem the fallout from the coronavirus pandemic.
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