Fed warns more cash is needed as US figures reveal widening inequality

United States News News

Fed warns more cash is needed as US figures reveal widening inequality
United States Latest News,United States Headlines
  • 📰 The Guardian
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 53%

Jerome Powell says pace of downturn ‘without modern precedent’ with lowest-paid Americans hit hardest by coronavirus pandemic

More evidence of how the coronavirus pandemic is widening income inequality has emerged after the Federal Reserve announced 40% of households earning less than $40,000 included someone who has lost a job since February.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

The Guardian /  🏆 84. in UK

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Matt Hancock celebrates sending 50,000 tests to US after lab failsMatt Hancock celebrates sending 50,000 tests to US after lab failsThe Health Secretary praised the 'excellent piece of contingency planning'.
Read more »

Antonio Citterio’s first US building is inspired by Miami Beach’s 1930s heritageAntonio Citterio’s first US building is inspired by Miami Beach’s 1930s heritageItalian architect Antonio Citterio has opened the doors to the first residence at Arte, his first US building. The 12 storey residential building in the shape of an abstract pagoda brings 16 new residences to the sought-after oceanfront location.\nInspired by Miami Beach\u2019s 1930s modern architectural heritage, the majestic building...
Read more »

US supreme court tackles politics’ most tantalising mystery: Trump’s tax returnsUS supreme court tackles politics’ most tantalising mystery: Trump’s tax returnsThe president’s tax documents have been reported on by various outlets, even winning the New York Times a Pulitzer
Read more »

Coronavirus live news: Trump declares victory over 'invisible enemy' as US deaths pass 80,000Coronavirus live news: Trump declares victory over 'invisible enemy' as US deaths pass 80,000White House staff ordered to wear masks; WHO urges ‘extreme vigilance’ as lockdowns end; Russia eases restrictions despite record cases. Follow the latest updates
Read more »

Coronavirus patient DNA study could tell us why some fare worseCoronavirus patient DNA study could tell us why some fare worseAnalysis of samples from thousands of UK patients could point to genetic variations
Read more »



Render Time: 2025-03-10 16:55:53