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Head of US central bank tells Trump to 'spend more' amid pandemic

Jerome Powell, head of the Federal Reserve, says Covid 19 could cause long-term damage

Jerome Powell, head of the Federal Reserve, says Covid 19 could cause long-term economic damage and that the much hoped for recovery could take longer than expected. We speak to Sarah Bloom-Raskin, former deputy secretary of the US treasury and board member of the Fed, about Powell's comments.
And Susan Schmidt of Aviva Investors in Chicago tells us how the markets reacted.

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7 minutes

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