Fed's Kaplan: Resurgence of virus has muted or slowed a rapid recovery

Author: Greg Michalowski | Category: Central Banks

Fed's Kaplan speaks on interview on CNN

Dallas Fed Pres. Kaplan is speaking on CNN. He says:
  • Important to extend unemployment benefits
  • Sees economy rebounding, virus will determine pace
  • Economy needs a continuation of unemployment benefits
  • Economy is also in need of aid to state and local governments
  • He has been expecting annualized 20% GDP growth in Q3 and 45% contraction for 2020
  • US economy needs a continuation of unemployment benefits
  • Resurgence of virus has muted or slowed a rapid recovery
We heard similar comments from Kaplan yesterday
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