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U.S. economy shrank for two straight quarters, but "it's not as bad as we thought it was"


The Bureau of Economic Analysis reports the GDP fell 0.6% during the second quarter. Jeanna Smialek, a Federal Reserve and economy reporter for The New York Times, joins CBS News to discuss the decline and a highly anticipated speech by Fed Chairman Jerome Powell at the Kansas City Federal Reserve’s Economic Policy Symposium.

#news #economy #federalreserve

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