U.S. economy shrank for two straight quarters, however “it’s miles now not as contaminated as we thought it change into once”

U.S. economy shrank for two straight quarters, however “it’s miles now not as contaminated as we thought it change into once”
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The Bureau of Economic Prognosis experiences the GDP fell 0.6% in some unspecified time in the future of the 2nd quarter. Jeanna Smialek, a Federal Reserve and economy reporter for The Fresh York Instances, joins CBS News to discuss the decline and a highly anticipated speech by Fed Chairman Jerome Powell on the Kansas Metropolis Federal Reserve’s Economic Protection Symposium.

#news #economy #federalreserve

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