Brainard – Unemployment over 20% among lowest paid

CNBC/Jeff Cox

graphic image of street sign showing the corner of Wall Street and Main Street USAG“The damage from COVID-19 is concentrated among already challenged groups. The K-shaped recovery remains highly uneven, with certain sectors and groups experiencing substantial hardship.”

USAGOLD note:  The timebomb ticking underneath the U.S. economy ……  Brainard, like the rest of the Fed, is looking to the federal government to keep a lid on the problem.

Repost from 1-16-2021

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