Fed's Barkin Says Jobs Numbers Will Get Worse Before They Get Better

The transcript discusses the economic impact of COVID-19, focusing on job losses, sector-specific challenges, and federal responses. It highlights the unprecedented rise in unemployment claims and forecasts potential job losses. The discussion includes the impact on service, essential, and other industries, and the federal efforts to support businesses through lending programs. Challenges in implementing these programs and the role of the Fed in the municipal market are also covered. Finally, it addresses strategies for businesses to recover and regain customer confidence.

What are some of the emotional impacts on businesses due to the current economic climate?

What is the significance of the Main Street lending program mentioned?

What measures are businesses considering to ensure customer safety?