Fed's Barkin speaking
Richmond Fed's Barkin is on the wires saying:
- Likely significant oversupply in retail real estate will take a wild for that to come back
- Demand for commercial real estate in recovery could hinge on permanent changes in social distance a, office organization protocols
- Fed trying to tailor main Street loans to encourage use will adjust as demand is assessed once program is open
- Recovery will be slow, lawmakers will need to contemplate what more support will be needed
- US will have unemployed longer than thought
- US will have to confront what further help is needed for small businesses, hotels, other stricken sectors during recovery
- Biggest economic stimulus would be consistency among public officials At state and national levels about what is needed for people to transact business safely
