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St. Louis Fed Chair Warns U.S. Unemployment Rate Could Hit 30 ...There is “good news” for those who think the U.S. economy will have a tough time recovering from the coronavirus pandemic, said St. Louis Fed President James Bullard, on Sunday.

“There is a solution using available technology today to fix the economic part,” Bullard said, In an interview on the CBS News program “Face the Nation.”

That solution? Universal testing.

Bullard laid out a system where every American would be tested every day and would wear a badge with their negative result, similar to the ones people wear after they vote.

This would help the economy because people “could interact with each other with a lot of confidence,” he said. And the health-care sector would be able to bring care quickly to those in need.

Last month, Bullard made headlines for publishing research suggesting the U.S. unemployment rate might soar above 30%.

read more:

https://www.marketwatch.com/story/feds-bullard-says-there-is-good-news-for-those-worried-about-the-economys-future-that-universal-covid-19-testing-will-help-restore-economic-health-2020-04-05

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