The Fed: Economic recovery might be slowed down if anti-pandemic measures are not followed

The U.S. economic recovery could slow down if coronavirus spread won’t be stopped evenly, Robert Kaplan said in Sunday interview with CBS. “Experts tell me it’s crucial that people wear face masks and large amounts of coronavirus tests are carried out,” Dallas Federal Reserve Bank President said. “The speed of economic recovery will depend on how we follow these measures. The better we obey the rules, the faster the economic will be,” he added. 

Kaplan assured that the Fed does its best to help American economy. He believes that the unemployment rate could drop to 8% in the end of the year from current 13%. “There will be positive news from Labor Market in June and July. There’s already some signals that number of jobs begins to grow,” Kaplan said. This could confirm the turnover from late May. 

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