US economic recovery slowed by 'uneven' health efforts: Fed president - Business Insider

Dallas Federal Reserve Bank President Robert Kaplan poses at a luncheon in El Paso, Texas, U.S., October 2, 2018.An uncoordinated effort to contain the coronavirus can impede the US recovery from economic recession, Robert Kaplan, president of the Federal Reserve Bank of Dallas, said.

A full recovery from recession is just as contingent on the US public health response as it is on fiscal and monetary stimulus, Kaplan told CBS's "" in an interview aired Sunday. Precautions such as wearing a mask and expanding testing services are "critical" to reviving consumer confidence. If different regions employ different containment strategies, the US could face smaller downturns well into the future, the president cautioned.

The Fed president holds a more positive outlook toward labor market performance, saying the unemployment rate won't reverse course and leap to 20% after May's surprise decline. The metric will fall to roughly 8% by the end of the year, with much of the improvement hinging on a service-industry rebound, he said.

"I'm being careful as a central banker not to tell the fiscal authorities what to do," he said. "But I would say fiscal policy is going to be critical from here."

//history

If you need flyer design please contact-

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market crash: 1929 depression parallel points to slow recovery - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Get up to $1000 fast with Sydney Financial. Take advantage of what Sydney Financial can offer you. We will help you get that short-term loan you've been looking for, in a safe, reliable way. If you need more details put mail into: matthewwil1992gmail.com The StockMarket is falling again, and that's after 3 TRILLION dollars, 4,5 trillion? (I lost count). And that recovery only lasted what? A month? That's not alot of time bought at a MASSIVE price. Wallstreet is dead, it just won't admit it.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Morgan Stanley doubles down on 'V-shaped recovery' and raises stock market forecastMorgan Stanley says it has greater confidence in a 'V-shaped' recovery from the coronavirus pandemic, citing positive economic data and policy action from health authorities, governments and central banks. Pro stoolpresidente Pro doesn't look like it to me. Pro What are they smokin' at Morgan Stanley, hopium?
Source: CNBC - 🏆 12. / 72 Read more »