Live Update 
From the Liveblog of
Thursday, April 16, 2020
From the Liveblog of
Thursday, April 16, 2020
Fed official says it’ll take ‘a year or two’ before US economy recovers
Add ToI as a Preferred Source on GoogleThe United States will take “a year or two,” if not longer, to recover from the devastating economic impact of the coronavirus, a top Federal Reserve official says.
“It would probably take a year or two, a few years to get the US economy fully back to full strength,” New York Federal Reserve Bank President John Williams says.
“Unfortunately, this is a situation where I think the economies can be underperforming for some time,” he says in a video conference organized by the Economic Club of New York.
— AFP
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