'An extraordinary number of people are taking opioids in one form or another,' says Powell, during testimony before the House Financial Services Committee.
said Wednesday that the nation's opioid crisis is having a "quite substantial" impact on the U.S. economy.
"The humanitarian aspect is completely compelling. But the economic impact is also quite substantial," Powell said. Health policy experts generally agree with Powell and Yellen about the magnitude of the opioid crisis and how it's partly responsible for that decline in the labor participation rate.
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