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Fed's Powell: U.S. may be in recession, control of virus to dictate timing of economy reopening

FILE PHOTO: Jerome Powell testifies before the House Financial Services Committee in Washington
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WASHINGTON (Reuters) - The U.S. "may well be in recession" but progress in controlling the spread of the coronavirus will dictate when the economy can fully reopen, Federal Reserve chair Jerome Powell said Thursday in an interview on NBC's Today Show. "We are not experts in pandemic... We would tend to listen to the experts. Dr. Fauci said something like the virus is going to set the timetable,..
Date Published: Mar 26, 2020
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