Fed#39;s Kaplan says oil output cut helps, joblessness will be #39;challenge#39;: Report
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He also repeated his expectation that U.S. unemployment will leap to the low or mid teens, for 3.5 percent in February, and that though it should drop to around 8 percent by year#39;s end, a weakened consumer and small business sector mean it could be a challFed#39;s Kaplan says oil output cut helps, joblessness will be #39;challenge#39;: Report
He also repeated his expectation that U.S. unemployment will leap to the low or mid teens, for 3.5 percent in February, and that though it should drop to around 8 percent by year#39;s end, a weakened consumer and small business sector mean it could be a challenge to bring the figure lower, quickly. Read more