Powell Says More Action Needed to Shield U.S. Economy

Federal Reserve Chairman Jerome Powell urged lawmakers to deliver more fiscal stimulus to shield the U.S. economy from the coronavirus as he warned of a weak recovery even once the pandemic passes. Bloomberg News Bond Reporter Alex Harris and Josh Wright, Chief Economist at Rightside Advisors, provide a recap of Powell's press conference and share their outlook for the economy. Bloomberg News Health, Science and Medical Technology Reporter Michelle Cortez discusses the latest coronavirus developments, testing figures, and updates on Gilead’s remdesivir. She points out that this was one of the "craziest" days of covering the pharmaceutical industry in her 25 years of doing so. And we Drive to the Close with Aaron Kennon, CEO at Clear Harbor Asset Management. Hosts: Carol Massar and Jason Kelly. Producer: Doni Holloway. See omnystudio.com/listener for privacy information.