Fed Bullard: Unemployment rate might jump to 30% in Q2 due to coronavirus shutdown

<p>St Louis Fed President James Bullard warned that US unemployment could surge to 30% in Q2 because of coronavirus shutdown. The number, if realized, would be three times more than the peak in 2007-2009 recession. GDP could contract an unprecedented -50%, with a hit of around USD 2.5T. But he also noted that this is […]</p>
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