Economics
Jobless Rate Will Remain Elevated in 2020, Says Fed’s Kaplan
- Dallas Fed chief sees unemployment ending year around 8
- Says more inclusive economic growth will benefit all in U.S.
This article is for subscribers only.
Although U.S. employment will increase in the coming months, the jobless rate will remain elevated through the end of the year, said Robert Kaplan, president of the Federal Reserve Bank of Dallas.
“We’re on our way down right now,” Kaplan said Sunday in an interview on CBS’s “Face the Nation.” “We’re going to get positive job growth in June, July and from here. Even with that growth, we’re going to end the year with an elevated unemployment rate.”