Investor Alert

New York Markets Close in:

Market Pulse Archives

July 13, 2020, 1:50 p.m. EDT

U.S. economic growth is slowing down, Dallas Fed's Kaplan says

Watchlist Relevance

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

or Cancel Already have a watchlist? Log In

By Greg Robb

The U.S. economy is slowing down after a burst of activity in May, said Dallas Fed President Robert Kaplan on Monday. "The economy did bottom in April, we started to grow again toward the end of April and certainly into May," Kaplan said, in a talk at the National Press Club. There was even a brief spell of "double-digit" growth that lasted until the second week of June, he said, but now growth is slowing down. Part of this is due to the resurgence of COVID-19, which is "muting growth," Kaplan said. He stressed that the public should wear masks, saying it "is the most important thing that can be done to make sure the rebound is faster, not slower." Kaplan is a voting member of the Fed's interest-rate committee this year.

This Story has 0 Comments
Be the first to comment
More News In
Economy & Politics

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.