Top Federal Reserve Officials Are Starting To Brace For A Prolonged Recession

Policymakers at the Federal Reserve, after some initial optimism that the Covid-19 slump would be deep but confined to the second quarter of this year, now seem braced for a more prolonged recession marked by high unemployment and a rising risk of corporate bankruptcies.

Top officials have launched what appears to be a coordinated shift in tune in public remarks over the last couple weeks, particularly as the prospect of a worsening second wave of infections that could deal yet another blow to an already fragile economy becomes reality..

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RSK: Let`s hope time will prove them wrong. A vaccine or treatment for Covid would snap this prediction.



- - Volume: 8 - WEEK: 30 Date: 7/21/2020 9:11:52 AM -