{"id":74145,"date":"2020-05-17T03:21:36","date_gmt":"2020-05-17T07:21:36","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=74145"},"modified":"2020-05-19T02:06:54","modified_gmt":"2020-05-19T06:06:54","slug":"powell-says-gdp-could-shrink-more-than-30-but-he-doesnt-see-another-depression","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2020\/powell-says-gdp-could-shrink-more-than-30-but-he-doesnt-see-another-depression.html","title":{"rendered":"Powell says GDP could shrink more than 30%, but he doesn\u2019t see another Depression"},"content":{"rendered":"<p>(CNBC)The U.S. economy could shrink by upwards of 30% in the second quarter but will avoid a Depression-like economic plunge over the longer term, Federal Reserve Chairman Jerome Powell told \u201c60 Minutes\u201d in an interview aired Sunday. The central bank chief also conceded that jobless numbers will look a lot like they did during the 1930s, when the rate peaked out at close to 25%,<\/p>\n<p><a href=\"https:\/\/www.cnbc.com\/2020\/05\/17\/powell-says-jobless-rate-could-top-30percent-but-he-doesnt-see-another-depression.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC)The U.S. economy could shrink by upwards of 30% in the second quarter but will avoid a Depression-like economic plunge over the longer term, Federal Reserve Chairman Jerome Powell told \u201c60 Minutes\u201d in an interview aired Sunday. The central bank [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-74145","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/74145","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=74145"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/74145\/revisions"}],"predecessor-version":[{"id":74146,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/74145\/revisions\/74146"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=74145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=74145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=74145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}