Fed Poised to Take Further Action, Unemployment May Hit 30% in Q2

Bloomberg reported that the Federal Reserve has more tricks up its sleeve to respond to the economic impact of the coronavirus, according to a Fed official.

The official indicated that unemployment could rise to 30% in Q2 and the U.S. could see a considerable drop in GDP, according to Bloomberg.

According to the report, the official said that “everything was on the table” regarding potential Fed actions.

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