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5/7/2020, 9:54 PM (Source: TeleTrader)
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US economy at 'rock bottom', can only improve - Fed Barkin

The United States economy has probably hit "rock bottom" and should improve from here, President of the Federal Reserve Bank of Richmond Thomas Barkin claimed on Thursday.

However, the official said the recovery will likely be slower than the downturn, asserting it will take time for US consumers to be confident to economically interact at scale.

Earlier, media reported White House was considering measures to boost the economy without Congress.

Breaking the News / MD