Fed's Kaplan on Economic Recovery, Virus Testing, Oil Well Shut-Ins

The transcript discusses the reopening of businesses in Texas, highlighting the cautious approach of many companies and the gradual return to normalcy. It addresses economic recovery prospects, emphasizing the importance of healthcare policies like testing and contact tracing. The debate on federal versus state efforts for testing is explored, along with the challenges faced by the oil industry due to low prices and production cuts. Finally, the effectiveness of government programs like PPP and Main Street in supporting businesses is examined.

What is the speaker's forecast for the unemployment rate by the end of the year?

What challenges does the oil industry face according to the speaker?

How does the speaker view the potential for bankruptcies in the oil industry?