The Federal Reserve Projects High Unemployment As Recession Hits The US economy

By Savannah Tribune | June 22, 2020

In the first economic forecast of 2020, the Federal Reserve expects a cumbersome economic recovery from the pandemic-induced recession, with unemployment figures expected to rise and rates staying near zero for several years to come. Such was the sum total of its verdict delivered in Wednesday’s news conference, after concluding a two-day policy meeting. In the immediate aftermath, stock markets … Continue reading “The Federal Reserve Projects High Unemployment As Recession Hits The US economy”