Arkansas Gov. Asa Hutchinson said his state will open restaurants for limited dine-in service on May 11
Fed Chairman Jerome Powell Federal Reserve"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."There are direct consequences of the disease and measures we are taking to protect ourselves from it."
"We will enter the new phase — and we are just beginning to maybe do that — where we will begin formal measures that require social distancing will be rolled back, gradually, and at different paces in different parts of the country. And in time, during this period, the economy will begin to recover," Powell said.
Just a few months ago, the US labor market was the best-ever for minorities, Powell noted. Now, minorities are among the first to lose their jobs as stay-at-home orders have shuttered restaurants, movie theaters, retailers and many other businesses.
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