Fed's Kaplan sees economy shrinking 4.5-5.0% by end-2020

Author: Adam Button | Category: Central Banks

Kaplan repeats growth forecasts

Kaplan has said this before and expects a 35% annualized decline in Q2. He also sees unemployment in 9-10% range at year-end.

I will monitor for more comments.

  • Fed may need to do more
  • In some form, unemployment aid will need to be continued
  • State and local governments will also need help

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