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The coronavirus pandemic has already caused lasting economic damage

Data: U.S. Bureau of Labor Statistics; Chart: Axios Visuals

Fed Chair Jerome Powell mentioned "lasting damage to the economy" as a worry three separate times during his prepared remarks on Wednesday, and called it a reason to continue providing support through fiscal and monetary policy.

The state of play: But experts say the damage already has been done, even as we're still in the midst of figuring out just how much. The labor market is changing and many who have lost their jobs are unlikely to get them back.

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