Powell Says Despite Signs of Stabilization, Risks of Long-Term Economic Damage Are Significant

Wall Street Journal, June 16, 2020–Nick TImiraos (subscription)
Federal Reserve Chairman Jerome Powell said the economy faces significant long-term damage from higher unemployment and a wave of small business failures due to the coronavirus pandemic, despite recent signs of improvement.
https://www.wsj.com/articles/powell-says-despite-signs-of-stabilization-risks-of-long-term-economic-damage-are-significant-11592316029?mod=hp_major_pos1#cxrecs_s