St. Louis Fed Chief: Unemployment Could Rise to 30%
“This is a planned, organized partial shutdown of the U.S. economy in the second quarter. The overall goal is to keep everyone, households and businesses, whole,” Bullard said. “It is a huge shock and we are trying to cope with it and keep it under control.”
That would be the highest rate of unemployment since the Great Depression.
Source: https://freenorthcarolina.blogspot.com/2020/03/st-louis-fed-chief-unemployment-could.html
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