Powell noted the unprecedented strength of the both the fiscal and monetary measures, but stressed the importance of making sure that the deepest slump since the Great Depression does not get out of control.
- Expanded unemployment benefits could bump people from welfare, other assistance
- Women are disproportionately impacted by coronavirus job losses, costing global economy $1 trillion, says Citi
- Morgan Stanley is planning to bring traders back to New York headquarters next month, sources say
- Stocks making the biggest moves premarket: Costco, Salesforce, Eli Lilly, Tyson Foods & more
- U.S. savings rate hits record 33% as coronavirus causes Americans to stockpile cash, curb spending