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The U.S. economy is predicted to be in a “deep hole”

If no measures are taken to stimulate the U.S. economy, then in the near future, it may be in a “deep hole. This was stated at a briefing by the head of the National Economic Council of the White House, Brian Deese.

“We are in a dangerous situation [in terms of] the virus and the economy. Without decisive action, we risk falling into a very deep economic hole. Even more serious than the crisis we're in,” Deese predicted.

Earlier analysts predicted that former Federal Reserve Secretary Janet Yellen, who could become U.S. Treasury Secretary, could bring down the dollar. She is planning to stimulate the country's economy in such a way that the market rate of the national currency will fall.

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