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After pandemic, Fed policymakers see slow U.S. recovery
By , SAN FRANCISCO/WASHINGTON (Reuters) - The U.S. economy is set for a deep slide in coming months with the coronavirus forcing businesses to shut and putting millions out of work, but Federal Reserve policymakers are also warning of a slugging recovery once the pandemic subsides.Slideshow “Because of the shock of this... will consumer behavior just be more cautious?” Dallas Federal Reserve Bank President Robert Kaplan asked in a phone interview with Reuters on Wednesday.“It’s not just the safety concerns... it’s also financial and potentially job insecurity which might cause them to save...…By , SAN FRANCISCO/WASHINGTON (Reuters) - The U.S. economy is set for a deep slide in coming months with the coronavirus forcing businesses to shut and putting millions out of work, but Federal Reserve policymakers are also warning of a slugging recovery once the pandemic subsides.Slideshow “Because of the shock of this... will consumer behavior just be more cautious?” Dallas Federal Reserve Bank President Robert Kaplan asked in a phone interview with Reuters on Wednesday.“It’s not just the safety concerns... it’s also financial and potentially job insecurity which might cause them to save...WW…
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