- St. Louis Fed president Bullard: April jobs report will be worst jobs report on record - CNBC
Market news
6 May 2020
St. Louis Fed president Bullard: April jobs report will be worst jobs report on record - CNBC
- Says many people in his district are more concerned about their economic situation
- Economy needs to reopen in healthy way
- Shutdown can not go on forever
- If the shutdown lasts through H2, there could be a financial crisis
- Shutdown that is too long could lead to a depression and additional poor health outcomes for other reasons
- Q3 will be transition quarter
- Unemployment rate could be above 20%
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