Covid-19 woes: With businesses shut, Fed policymakers see slow US recovery


The US economy is set for a deep slide in coming months with the coronavirus forcing businesses to shut and putting millions out of work. However, Federal Reserve policymakers are also warning of a sluggish recovery once the pandemic subsides. "Because of the shock of this...

will consumer behavior just be more cautious?" Dallas Federal Reserve Bank President Robert Kaplan asked in a phone interview with Reuters on Wednesday. "It's not just the safety concerns... it's also financial and potentially job insecurity.

This article is no longer available in our repository.

There could be multiple reasons for this.