Remarks

The U.S. May Already Be in a Recession

The coronavirus could be the fatal blow to the longest economic expansion in history.

Bullard Says Everything Is on the Table, Fed ‘Willing to Do More’

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By Peter Coy

March 6, 2020 at 7:20 PM UTC

This article is for subscribers only.

Let’s just say it: The longest economic expansion in U.S. history may already be over, killed by Covid-19.

It might seem crazy to talk about a recession when jobs are plentiful. Today the Bureau of Labor Statistics announced a decline in the February unemployment rate to 3.5%, tying a 50-year low.