Fed Chair Powell just said 40% of households making less than $40,000 a year lost a job in March
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Powell said that around 40% of Americans earning less than $40,000 a year lost a job in March, citing a Fed study set to be published on Thursday.

"This reversal of economic fortune has caused a level of pain that is hard to capture in words, as lives are upended amid great uncertainty about the future," he said during a webinar.

Powell also called for further economic relief to shore up a battered economy ravaged by the pandemic.

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