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May 18, 2020

Economic recovery could last through 2021, Powell says

Federal Reserve Chair Jerome Powell thinks it might take until the end of 2021 for the economy to recover. Auto companies take steps to protect workers as car factories reopen. What’s it like to be hired remotely during this pandemic?

The timeline for U.S. economic recovery depends in large part on the timing of a COVID-19 vaccine. — The timeline for U.S. economic recovery depends in large part on the timing of a COVID-19 vaccine.
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Segments From This Episode

Economic recovery “may take some time to gain momentum,” Fed Chair says
by Sabri Ben-Achour, Nova Safo and Alex Schroeder
Mark Makela/Getty Images
It may take until the end of 2021 for the economy to recover, Jerome Powell said Sunday.
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As carmakers restart factories, they look at steps to protect workers from COVID-19
by Erika Beras
Scott Olson/Getty Images
Among the steps General Motors says it will take: providing additional protective gear, and taking workers’ temperatures when they arrive.
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What it’s like starting a new job from home during the COVID-19 pandemic
by Meghan McCarty Carino
Olivier Douliery/AFP via Getty Images
There’s more to onboarding than just training. The social component is more difficult right now.
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Music from the episode

The Team

Economic recovery could last through 2021, Powell says