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.

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