Powell Says Recovery Could Stretch Through 2021

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Bloomberg Politics produces English language political stories from around the world, from a US perspective. Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City. It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.

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  • May.17 — Federal Reserve Chairman Jerome Powell says the U.S. recovery could take a while and stretch through the end of next year, even as he downplays the risk of a second great depression. Powell’s remarks follow a warning that asset prices could see a significant decline should the Covid-19 crisis continue to deepen. Bloomberg’s Chris Anstey reports on “Bloomberg Markets: China Open.”

    In This Story: Covid-19

    Covid-19 is the official WHO name given to the novel coronavirus which broke out in late 2019 and began to spread in the early months of 2020.

    Symptoms of coronavirus

    The main symptoms of coronavirus are:

    • a persistent new cough (non productive, dry)
    • a high temperature (e.g. head feels warm to the touch)
    • shortness of breath (if this is abnormal for the individual, or increased)

    Latest News about Covid-19

    Below are stories from around the globe related to the 2020 outbreak of novel Coronavirus – since the WHO gave the Covid-19 naming. Most recent items are posted nearest the top.

  • Italian Authorities Conduct COVID-19 Tests on 180 Ocean Viking Migrants
  • A drastic option to treat COVID-19 damage
  • Covid-19 economic shock deals blow to PM’s quest to reduce child poverty rates
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