Unemployment could reach 30% in the U.S., says St. Louis Fed’s Bullard
If this were to happen things would be considerably more dire than even The Great Depression.
(From Marketwatch)
Bullard also said there (could be a temporary 50%) plunge in gross domestic product.
But fear not. The Fed rep says things get better pretty quickly. Nothing to worry about.
I would see the third quarter as a transitional quarter,” with the following six months “quite robust” as Americans ramp up consumerism.
Reprinted from: https://www.ac2news.com/2020/03/unemployment-could-reach-30-in-the-u-s-says-st-louis-feds-bullard/
