Fed Kaplan: Economy to have substantial contraction in Q2, unemployment to jump to mid-teens

<p>Dallas Fed President Robert Kaplan said his forecast is for the US economy to have substantial contraction in Q2, in the 20% range on an annualized basis. Unemployment rate could rise to mid teens before falling back to 7-8% by year end. He added, &#8220;we are working furiously here at the Fed to have this [&#8230;]</p>
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