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