FILE PHOTO: Former Federal Reserve Chairman Ben Bernanke speaks during a panel discussion at the American Economic Association/Allied Social Science Association (ASSA) 2019 meeting in Atlanta, Georgia, U.S., January 4,2019 REUTERS/Christopher Aluka Berry
SAN FRANCISCO (Reuters) – The U.S. economy could diminish 30%or more this quarter as stay-at-home orders targeted at slowing the coronavirus break out choke off organisation, and it might be a couple of years prior to the economy restores its footing, former Federal Reserve Chair Ben Bernanke stated on Tuesday.
” Total, it might be an extremely bad year for the economy,” Bernanke said in a Brookings Organization online event, though he included that so far the fiscal and financial policy responses have been respectable, though more will be required.
” There are things we can do to open up the e