- Richmond Fed president Barkin: Biggest economic stimulus would be consistency among public officials at state and national levels about what is needed for people to transact business safely
Market news
6 May 2020
Richmond Fed president Barkin: Biggest economic stimulus would be consistency among public officials at state and national levels about what is needed for people to transact business safely
- Likely significant oversupply in retail real estate will take wild for that to come back
- Demand for commercial real estate in recovery could hinge on permanent changes in social distance a, office organization protocols
- Fed trying to tailor main Street loans to encourage use will adjust as demand is assessed once program is open
- Recovery will be slow, lawmakers will need to contemplate what more support will be needed
- U.S. will have unemployed longer than thought
- U.S. will have to confront what further help is needed for small businesses, hotels, other stricken sectors during recovery
- On the other side of the pandemic, will need real conversations about public debt
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