CBS News
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Federal Reserve expects a long road to economic recovery
Posted
June 13, 2020
Views
5,772
Likes
77
Comments
34
Engagement
1.92%
June 13, 2020
5,772
77
34
1.92%
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5:25Now PlayingThe Federal Reserve says it does not expect unemployment to reach pre-coronavirus lows until 2022 at the earliest. The Central Bank is predicting a 9.3% unemployment rate at year's end and a 6.5% unemployment rate at the end of 2021. The Washington Post's economic correspondent Heather Long joined CBSN to discuss the Fed's expectations.
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