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 coronavirus but gutted jobs, Americans should not expect a quick return to growth, U.S. Federal Reserve officials said on Friday.
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 coronavirus but gutted jobs, Americans should not expect a quick return to growth, U.S. Federal Reserve officials said on Friday.
The virus has continued to spread across the nation, with nearly 1.3 million people infected so far and more than 77,000 dead. Interviewed by Fox News on Friday, U.S. President Donald Trump said that the jobs will be back. “They’ll be back very soon, and next year we are going to have a phenomenal year,” he said.
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