Economy

Want a fast economic recovery? Invest in tests, Fed’s Kaplan says

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Robert Kaplan, president and CEO of the Federal Reserve Bank of Dallas.

Mary Catherine Wellons | CNBC

Even with tens of millions of jobs lost and a historic decline in output projected this quarter, the U.S. economy could still pull off a relatively quick recovery, Dallas Federal Reserve President Robert Kaplan said on Thursday.

“If we made a dramatic national initiative for testing — and I mean dramatic …that could help create the V,” he said in an online interview with local public TV station KERA, referring to a recession characterized by a sharp decline in output followed quickly by a steep ramp back up. “The highest return on equity investment we can make in this country is…



Source cnbc.com

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