Federal Reserve Chairman Jerome Powell said the U.S. economy could take more than a year to recover from the coronavirus-induced shock, in an interview broadcast on Sunday. “It’s going to take a while for us to get back,” Mr. Powell said in a rare television interview on the CBS News “60 Minutes” program. “The economy will recover. It may take a period—it could stretch through the end of next year. We really don’t know.”...

Source: Wall Street Journal May 17, 2020 16:52 UTC