Fed Chair Jerome Powell discussed new Main Street Lending program on Friday
The drop in household spending was broad, while the savings rate was up
The outcome may be worse for the April-June quarter, economists predict
The previous estimate was $252.1 billion, before recent pandemic measures
Pandemic relief efforts are also creating an economic trade-off
Bank earnings and GDP numbers headline a busy week
Wholesale trade declined in March as the pandemic developed
The drop in the annual rate was the first year-over-year decline since September 2009
Falling energy prices drove raw material and industrial prices lower in March
Plunging stock markets had a heavy impact on foreign assets