US economy now growing at less than 2 percent due to government shutdown, JP Morgan says

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Government workers protest the government shutdown during a demonstration in the Federal Building Plaza on Jan. 10, 2019 in Chicago, Illinois.

J.P. Morgan economists said the government shutdown is beginning to take a bigger toll on the U.S. economy, and growth is now below 2 percent, despite resilience in the private sector.

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Federal Reserve Chairman Jerome Powell gives testimony on the economy and monetary policy before the Senate Banking Committee in Washington, July 17, 2018.Sen. Kamala Harris (D-CA)