With the recent Fed testimony, Federal Reserve Chairman Jerome Powell assured lawmakers about their plans to bring down inflation. Not only does Fed Chair Jerome Powell seek to avoid a recession, he believes the Federal Reserve has the tools to do so.

The COVID-19 pandemic has brought sweeping changes to the world, including significant disruptions in financial markets. In response, President Trump declared the pandemic a national emergency, implementing plans to increase testing and restrict travel to Europe. Across the U.S., schools, restaurants, bars, sporting events, and other nonessential businesses have temporarily shut down, leaving Americans navigating isolation and social distancing.