Bullard, in a presentation during an online event hosted by the St. Louis Fed’s branch in Memphis, Tennessee, said it appears as though the trough in economic activity occurred in April.
Bullard said putting too much emphasis on the need for a vaccine could lead more consumers to stay home, prompt an increase in business failures and cause severe damage to the economy. Instead, Bullard pushed for broader use of masks, and more rapidly available testing that can help people feel more comfortable with flying and other activities that requires them to be in close proximity to others.
Recovery
What a stunning observation. How did he figure that one out?
Any excuse to print more.
What recovery? About 40 million Americans are about to lose their homes/apartments and the Senate didn't extend the increase UI benefits. Unemployment is also through the roof and areas that tried to reopen are being forced to shut down again.
Countries like Germany that shut down 95% with stores open only a few hours losing 10% GDP, the wonderful USA that bragged about banning China early with loopholes for everybody closed only 50% and lost over 30% GDP Yes, USA really focused on the economy...
Is this guy on another planet? What recovery?
hmmm. it's almost like Senate hasn't passed any post-pandemic recovery aid . . .
This’ll be Fake News in Fat Boy’s next tweet!! ‘Everything is brilliant’!! And he’s working on the next brilliant idea, which a lot of experts have been calling to say they don’t know how he does it. Because they are experts and they didn’t do it. Utter melon.
No shit!
No shit!
Quelle surprise! Rampant pandemics will tend to do that.
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