Coronavirus could drive the US economy into recession, ex-Fed chief Janet Yellen warns
"It's just conceivable that it could throw the United States into a recession," the former central-bank boss said.
"It's just conceivable that it could throw the United States into a recession," Yellen said at a Brookings Institution event in Michigan,Coronavirus — which causes a disease called COVID-19 — has, killed north of 2,800, and spread to upwards of 40 countries. It has caused cities to lock down, forced factories and stores to shut, and deterred travel, shopping, and other economic activities.
"If it doesn't hit in a substantial way in the United States, that's less likely," she said, according to Bloomberg."We had a pretty solid outlook before this happened — and there is some risk, but basically I think the US outlook looks pretty good."
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
U.S. officials: Four more Diamond Princess passengers have coronavirus; U.S. cases at 57Four more passengers from the Diamond Princess cruise ship have tested positive for coronavirus COVID-19, bringing the total number of Americans infected from the ship to 40.
Baca lebih lajut »
U.S. Coronavirus patient in California wasn't tested for COVID-19 for daysOver 2,800 people have died of COVID-19 in over 82,000 cases worldwide.
Baca lebih lajut »
U.S. soldier infected as South Korea coronavirus cases rise above 1,260South Korea reported 284 new coronavirus cases on Wednesday, including a U.S. so...
Baca lebih lajut »
The US has started human testing of a drug to treat the novel coronavirusNews of the drug testing came just as a federal health official warned that the virus will eventually start spreading in US communities.
Baca lebih lajut »
Trump says coronavirus 'under control' in US, problem going to 'go away'Secretary of State Pompeo accuses the governments of China and Iran of censoring information about the coronavirus outbreaks in their countries, saying “censorship” can have “deadly consequences.”
Baca lebih lajut »
U.S. consumer spending could see one-two punch from stocks drop, coronavirusThe coronavirus outbreak has yet to spread meaningfully to U.S. shores, but fear...
Baca lebih lajut »