- For abonnenter
Fed chair warns of 'heartbreaking' scenario as U.S. economy suffers worst first quarter since Great Recession
WASHINGTON - The U.S. economy suffered its sharpest decline since the Great Recession - a 4.8 percent drop - from January through March, and the head of the Federal Reserve warned the second quarter would be even uglier as many Americans continued to stay home to stem the spread of the coronavirus.
"We are going to see economic