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

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