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Fed chair warns against ‘false start’ as Trump eyes May reopening of economy | TheHill

By Thomas A. Smith

Powell said that while it was time to have a serious conversation about how to restart normal economic activity, the Fed chair warned against causing a spike in coronavirus cases that forces the U.S. into another stretch of business closures and layoffs.

We need to have a plan nationally for reopening the economy. We all want it to happen as quickly as possible, Powell said in a Thursday video interview with the Brookings Institution.

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But the Fed chief added that it was crucial to avoid a false start where we will partially reopen and that results in a spike in coronavirus cases, and then we have to go back again to square one.

via thehill.com