Apr 9, 2020

“Nowhere to hide” from layoffs

The number of people filing for unemployment is starting to sound more intense than even the Great Recession of a dozen years ago. Joe Raedle/Getty Images

More than 6.6 million Americans have filed for unemployment claims in the past week, and they're spreading into new industries. The Fed will make $2.3 trillion more available to backstop the economy. President of the Boston Fed surveys the economy.

Segments From this episode

COVID-19

Boston Fed president: "Social distancing is expensive"

by David Brancaccio and Candace Manriquez Wrenn

Apr 9, 2020

"Until we have a vaccine and people are completely comfortable, the duration and severity of this downturn are hard to determine," Boston Fed President Eric Rosengren said.

Eric Rosengren thinks it will be "some time" before people are comfortable attending social events in the same way. "And that means it's going to be some time before the economy is fully recovered."

David Dee Delgado/Getty Images

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Music from the episode

Heart of Gold Neil Young

The team

David Brancaccio Host

Victoria Craig Host, BBC

Stephen Ryan Senior Producer, BBC

Jonathan Frewin Producer, BBC

Daniel Shin Producer

Jay Siebold Technical Director

Brian Allison Engineer

Meredith Garretson Morbey Senior Producer

Erika Soderstrom Producer

Rose Conlon Producer

Alex Schroeder Producer

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