Fed’s Kaplan: Growth forecast assumes consumers are willing to travel, eat out, re-engage broadly in the economy

Fed’s Kaplan says his growth forecast assumes consumers are willing to travel, eat out, re-engage broadly in the economy.

Key comments

Downside risks to forecast without ramped up testing.

Under the baseline forecast, unemployment falls to 10%-11% by year’s end, under 7% by end of 2021. 

More to come…