Fed Warns of Possible Long-Term Recession, 3 Million More File Jobless Claims


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(Worthy News) – Federal Reserve Chair Jerome Powell says the United States may face a prolonged economic downturn, and new unemployment numbers out Thursday morning seem to reinforce his prediction. The latest stats reveal nearly 3 million more Americans filed for jobless aid –coronavirus-related layoffs now reaching 36 million.

Americans are certainly feeling the pinch and pushing back against lockdown measures.

In Wisconsin, the state Supreme Court struck down the governor’s stay-at-home order, ruling his administration overstepped its authority. [ Source: CBN News (Read More…) ]

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