Originally posted by the Voice of America. Voice of America content is produced by the Voice of America, a United States federal government-sponsored entity, and is in the public domain. With US Economy Likely in Recession, Central Bank Struggles to Limit Damage Rob Garver Federal Reserve Board Chairman Jerome Powell says that the hundreds of thousands of business owners who have shut their doors as a part of the nationwide effort to slow the spread of the novel coronavirus are doing a public service, and that the central bank and other government agencies will do their best to help them recover from the economic damage that results. .