This is the worst economy ever. That's according to Federal Reserve Chairman Jerome Powell, who previewed some truly awful economic data headed our way when he spoke to reporters Wednesday. "We are going to see economic data for the second quarter that is worse than any data we have seen for the economy," Powell said. "There are direct consequences of the disease and measures we are taking to protect ourselves from it." It's worse for minorities than for white Americans. Powell noted that a few months ago, the US labor market was the best ever for minorities. But as stay-at-home orders have shuttered restaurants, movie theaters, retailers and many other businesses, a disproportionate number of non-white Americans have lost their jobs. "It is heartbreaking, frankly, to see that all threatened now," Powell said of previous gains in non-white unemployment.