SAN FRANCISCO—As many parts of the world’s biggest economy begin to reopen after weeks of stay-at-home orders that slowed the spread of the CCP virus but gutted jobs, Americans should not expect a quick return to growth, U.S. Federal Reserve officials said on May 8.
“A couple months ago I was optimistic, I was hopeful, that maybe we would have a ‘V’-shaped recovery—shut things down, clamp down on the virus, and then have a quick recovery,” Minneapolis Federal Reserve Bank President Neel Kashkari said in an interview on the PBS Newshour.
