Economics
Fed’s Bullard Says It May Be Wrong to Doubt U.S. ‘V’ Rebound
- Mass testing is the key to maintaining consumer confidence
- Bullard says unemployment effectively in double digits now
This article is for subscribers only.
Federal Reserve Bank of St. Louis President James Bullard said the U.S. economy should recover strongly in the second half of 2020 if the government and businesses respond forcefully to the coronavirus, with massive testing to prevent fresh outbreaks.
“There is no reason it can’t come back in a ‘V’ shape,” Bullard said in a virtual discussion Tuesday to the St. Louis Regional Chamber. “I know it’s become popular to say that is not going to happen. I think it can happen.”