Former Fed chair warns coronavirus could throw the US into recession
By Marty Johnson - 02/27/20 10:30 AM EST
Janet Yellen, who served as the first chairwoman of the Federal Reserve from 2014-2018, said on Wednesday that the concerning spread of the coronavirus across the world could put the U.S. economy on a path towards a recession.
"We could see a significant impact on Europe, which has been weak to start with, and it’s just conceivable that it could throw the United States into a recession,†Yellen said in Michigan, Bloomberg reports.
“If it doesn’t hit in a substantial way in the United States, that’s less likely. We had a pretty solid outlook before this happened — and there is some risk, but basically I think the U.S. outlook looks pretty good," she added.
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https://thehill.com/policy/finance/economy/484919-former-fed-chair-warns-coronavirus-could-throw-the-us-into-recession
