Federal Chairman Jerome Powell: "We may well be in a recession. There's nothing fundamentally wrong with our economy."

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"Do you think we are already in recession?" -@savannahguthrie

"We may well be in a recession. Again, I would point to the difference between this and a normal recession. There's nothing fundamentally wrong with our economy." -Federal Reserve Chairman Jerome Powell

CHAIRMAN OF FED ON @TODAYshow :@SavannahGuthrie “...What if you run out of ammo? Run out of bullets? (In terms of helping the economy)

Jerome Powell, Chairman of the @federalreserve : "When it comes to this lending, we will not run out of ammunition.”

“I think the first order of business will be to get the spread of the virus under control and then resume economic activity.” Federal Reserve Chairman Jerome Powell tells @savannahguthrie

“We know that economic activity will decline probably substantially in the second quarter. … It will really depend on the spread of the virus. The virus is going to dictate the timetable here.” - Federal Reserve Chairman Jerome Powell