The Path to Full Recovery

Tom Barkin

Speech from Federal Reserve Bank of Richmond

Abstract: The past two months have been painful across the country. We have lost lives. We have lost tens of millions of jobs. We have lost security, connectivity and community. Multiple states are now in the process of reopening their economies. But, despite unprecedented measures by both the Fed and fiscal authorities, things won’t be returning to normal quickly. As I wrote a few weeks ago, the pace will likely be slow, as businesses and consumers adapt to a world where personal interaction creates health risks. As the United States navigates the path to recovery, I have been focusing on how much damage has been done and how to minimize the longer-term impact.

Keywords: Employment and labor markets; production and investment (search for similar items in EconPapers)
Date: 2020-05-04
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