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In its semi-annual monetary policy report, the central bank pointed to "tremendous" hardship

Rear view of traffic jam with breaklights showing

Some economists say it could take two years or more

The job gain stores and companies may be starting to rehire

Fed Chair Jerome Powell discussed new Main Street Lending program on Friday

Upset stressed young Asian business man in suit with hands on head sitting on stairs. Unemployment and layoff concept.

Economists expect that the effects of the pandemic will take a while to overcome

The outcome may be worse for the April-June quarter, economists predict

Sales over the past 12 months are down a crippling 21.6%

Falling interest rates concept

Even before the pandemic erupted, oil prices had been sinking

Hands counts money on American flag background

The issuance is part of nearly US$3T in borrowing this quarter

Production, new orders, hiring and export orders all fell