Former Fed Chairs Bernanke and Yellen testified on COVID-19 and response to economic crisis

In many respects this recession is unique. Most recessions result from developments inside the economy, but an external shock-the public health crisis-caused this one. To avoid getting sick, people have curtailed working, shopping, and attending school. Whatever the cause, the coronavirus recession, like all recessions, is imposing heavy costs. Many workers have lost jobs and…             ...(read more)

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