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Federal Reserve chairman warns of possible long recession

Federal Reserve Chairman Jerome Powell warns that the COVID-19 pandemic could result in a long-term recession and urges additional action by Congress and the White House to prevent it.

U.S. already in recession, national economic panel says

The median forecast of the National Association for Business Economics survey calls for annualized real GDP growth of -2.4% in Q1 and -26.5% in Q2 2020. After modest growth of 2% in Q3, the median forecast calls for growth to strengthen to 5.8% in Q4 and 6% in Q1 2021.

Banking exec John Traynor warns of slowdown, but doesn’t forecast recession

"If aerospace turns over, then Connecticut has a big problem," said Traynor about tariff-induced obstacles to manufacturing's growth.