Fed's Clarida says U.S. unemployment could surge to worst level in decades

by Aurelia Butler 5 May 2020, 19:55 109 Views

“We’re living through the most severe contraction in activity and surge in unemployment that we’ve seen in our lifetimes,” Clarida said during an interview with CNBC. While the unemployment rate could surge to levels not seen since the 1940s, Clarida said the Fed was using all of its tools to help the recovery be as strong as possible when it begins.

Bullard: U.S. faces new problems if pandemic, shutdown, persist to 2nd half of year

Wall Street closes higher after oil rally takes Brent over $30

This portal is not a newspaper as it is updated without periodicity. It cannot be considered an editorial product pursuant to law n. 62 of 7.03.2001. The author of the portal is not responsible for the content of comments to posts, the content of the linked sites. Some texts or images included in this portal are taken from the internet and, therefore, considered to be in the public domain; if their publication is violated, the copyright will be promptly communicated via e-mail. They will be immediately removed.

Fed's Clarida says U.S. unemployment could surge to worst level in decades

Bullard: U.S. faces new problems if pandemic, shutdown, persist to 2nd half of year

Wall Street closes higher after oil rally takes Brent over $30

ITALIAN LANGUAGE

ENGLISH LANGUAGE