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Kroszner: Pandemic Will Change Structure of U.S. Economy
Kroszner
Pandemic Will Change Structure of U.S. Economy
Former Federal Reserve Governor Randall Kroszner agrees with Chair Jerome Powell that it will be a "long, hard slog" for the U.S. Economy's recovery . Speaking to Bloomberg Daybreak Europe's Caroline Hepker and Matt Miller, Kroszner said now is the time to pivot, to realize it is not a short-term problem, but that major industries are facing long term challenges. He also spoke about the political pressure President Donald Trump is putting on the central bank when it comes to negative rates.
Jun 11, 2020