Depression Coming?: Fed's Bullard Sees US Jobless Rate May Soar to 30%

Written by Newsfront | Source: Newsfront | March 22, 2020 06:28 PM

Federal Reserve Bank of St. Louis President James Bullard predicted the U.S. unemployment rate may hit 30% in the second quarter because of shutdowns to combat the coronavirus, with an unprecedented 50% drop in gross domestic product.

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