People who lost their jobs wait in line to file for unemployment benefits in Fort Smith, Arkansas. File photo: Reuters People who lost their jobs wait in line to file for unemployment benefits in Fort Smith, Arkansas. File photo: Reuters
People who lost their jobs wait in line to file for unemployment benefits in Fort Smith, Arkansas. File photo: Reuters

Coronavirus: US faces severe crisis, but not depression, Fed chief Powell says

  • World’s biggest economy could ‘easily’ collapse by 20 to 30 per cent this quarter, US Fed chief says
  • More than 36 million Americans have lost their jobs since February as the economy shuttered to limit virus spread

Topic |   Coronavirus US
People who lost their jobs wait in line to file for unemployment benefits in Fort Smith, Arkansas. File photo: Reuters People who lost their jobs wait in line to file for unemployment benefits in Fort Smith, Arkansas. File photo: Reuters
People who lost their jobs wait in line to file for unemployment benefits in Fort Smith, Arkansas. File photo: Reuters
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