Virus News: Fed’s Bullard Says Jobless Rate May Soar to 30% - Bloomberg

Virus News: Fed’s Bullard Says Jobless Rate May Soar to 30% - Bloomberg: Federal Reserve Bank of St. Louis President James Bullard predicted the U.S. unemployment rate may hit 30% in the second quarter because of shutdowns to combat the coronavirus, with an unprecedented 50% drop in gross domestic product.