Fed's Kaplan: Next 2 or 3 months will be very challenging

Author: Greg Michalowski | Category: Central Banks

Fed's Kaplan is speaking

the Fed's Kaplan is on the wires saying that:
  • The next 2 or 3 months will be very challenging
  • Expects growth to be sluggish over that time.
  • Repeats forecast for 5% GDP growth this year but sides big downside risks related to virus
  • "substantial further progress" is intentionally left undefined 
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