Washington-Sana
Federal Reserve Chairman Jerome Powell warned that unemployment in the United States could peak to 25 percent as a result of measures to tackle the Corona pandemic.
"The economic figures and data that we will see for the quarter ending in June will be very bad," Powell was quoted as saying by the British Guardian newspaper.
Powell predicted the GDP would shrink for the quarter that ends in June at the same level in the twenties and thirties of the last century with the exacerbation of the repercussions of the global virus outbreak and Japan slipping to its first recession in five years.
On his estimates of unemployment rates that reach between 20 and 25 percent, he said, “I think there is a set of views, but these numbers seem appropriate to what the peak might be.” It is likely that more people will lose their jobs during the months of May and June and warning that the United States "It will not return to what it was at the end of the year."