effects

Coronavirus’ economic effects to be ‘unparalleled’: St. Louis Fed Chief

By Tommy Flemm 1 year ago

St. Louis Fed President James Bullard warned Wednesday that the impact of the novel coronavirus on the U.S. economy would be of historic proportion, but said the Federal Reserve still has some tricks up its sleeve.

“The numbers for the second quarter will be unparalleled compared to U.S. macroeconomic history,” Bullard told reporters. “I don’t think that has to be discouraging because these numbers are not comparable to anything that has occurred in the U.S. economy that we’ve recorded.”

Bullard added that he expects the “extraordinary” figures on GDP and unemployment to be “relatively brief.” 

Based on St. Louis Fed research, Bullard projects the U.S. unemployment rate spiking up to 30%. The figure is based on the underlying assumption that about half of total employment is at “high risk” of layoff as businesses across the country shut down. 

James Bullard, Member of US Federal Open Market Committee, poses for

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Breaking News Tv And The Damaging Effects Of Watching Too Significantly Television News

By Tommy Flemm 2 years ago

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Breaking News Tv And The Damaging Effects Of Watching Also A lot Television News

By Tommy Flemm 3 years ago

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Influence And Effects Of Communist Mao Zedong In China

By Tommy Flemm 4 years ago

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Monetary Recession And Its Effects In The Philippines

By Tommy Flemm 5 years ago

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