James Bullard, president of the St. Louis Federal Reserve, estimated that the quarantine is costing the U.S. economy $25 billion each day and while the lockdown was “initially” necessary, it’s not efficient. A quarantine was the appropriate response initially, “but we are not ‘initially’ anymore....
July 09, 2020
St. Louis Federal Reserve President James Bullard put in a vote of confidence for the U.S. economy on Wednesday (July 8), saying that the unemployment rate could fall as low as 7 percent by the end of 2020, according to CNBC. The unemployment rate is currently at 11.1 percent, a post-World War II high for […]
April 15, 2020
James Bullard, president of the St. Louis Federal Reserve, estimated that the quarantine is costing the U.S. economy $25 billion each day and while the lockdown was “initially” necessary, it’s...
