That's according to Federal Reserve Chairman Jerome Powell, who previewed some truly awful economic data headed our way when he spoke to reporters Wednesday. "We are going to see economic data for the second quarter that is worse than any data we have seen for the economy," Powell said. Read a deep dive into the economic data for the first part of the year, when the coronavirus stopped a booming economy in its tracks. Health care hurt the economy. The grim state of the economy was underscored Wednesday morning when it was reported that first-quarter GDP fell 4.8%, the worst contraction since the Great Recession.

Source: CNN April 30, 2020 04:07 UTC