Joining TODAY for a rare and exclusive live interview, Jerome Powell, chairman of the Federal Reserve, acknowledges that “we may very well be in a recession, but I would point to the difference between this and a normal recession.” He says “there is nothing fundamentally wrong with our economy” and that the Fed will “aggressively and forthrightly” replace normal lending channels for businesses that have temporarily closed due to the pandemic. He says “there can also be a good rebound” and that the Fed is working to “ensure that it is as vigorous as possible,” adding that “the virus is going to dictate the timetable.”March 26, 2020
UP NEXT
Hoda and Jenna announce they are taking the show to Bermuda!
00:56
Naval officer runs across US in 52 days in support of a nonprofit
05:24
LSU gymnast Olivia Dunne talks taking home NCAA title
03:45
How to grow your own food and repurpose food scraps
06:12
Watch: Good Samaritans pull driver from fiery crash in Minnesota
00:47
Terry Anderson, journalist once held hostage in Lebanon, dies at 76
00:29
Retiring TSA Labrador showered with his favorite toy on last day
00:43
Morgan Wallen ‘not proud of my behavior’ after Nashville arrest
02:31
US expected to impose sanctions against an Israeli military unit
02:10
Classes at Columbia to go virtual amid escalating protests
02:11
Kevin Bacon shares reality check from student at ‘Footloose’ school
00:40
Caitlin Clark to reportedly sign 8-figure deal with Nike
04:33
Carl Erskine, legendary Dodgers pitcher, dies at 97
02:23
NASA graduates new astronauts for Orion capsule mission
03:23
Sports league scandals highlight risks of gambling
04:50
What to expect as Trump’s historic criminal hush money trial begins
02:01
House passes bill that could ban TikTok in the US
02:01
Will US aid be enough to help Ukraine win Russia’s war?
01:48
House passes foreign aid bill for Ukraine, Israel and Taiwan
02:11
Caitlin Clark’s star power is undeniable in new chapter with Indiana