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[VOA] VOA 2020-05-20

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This is VOA news. As reserve Chair Pow and chief Steven Newton are painting a bleak picture of the economic the corona virus,has wrought on the country, but they hold out hope that a raft of loans and assistance to families and businesses will provide relief in the coming months both are testifying today remotely before the banking ... Chairman Powell said in prepared remarks that the pandemic has caused a level of pain that is hard to capture in words, he said the scope and need of this downturn are without modern precedent and are significantly worse than any recession since world war two, about thirty six point five million US workers have been laid off from jobs and have sought unemployment compensation is the world's largest economy has plung into a recession President Trump shocked the country yesterday
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