Fed's Kaplan Expects 'Slow, Steady Recovery' in Second Half

The video discusses the reopening of businesses in Texas, highlighting the cautious approach of many companies, including the Dallas Fed, which limits office attendance to essential employees. It explores the economic recovery prospects, noting that while some sectors like retail and dining are reopening, consumer behavior remains cautious. The speaker emphasizes the importance of health policies, such as widespread testing and contact tracing, to boost consumer confidence and accelerate economic recovery, warning that without these measures, GDP growth may be limited and unemployment rates could remain high.

What types of businesses are mentioned as needing to have people back in the office?

What initiatives does the speaker suggest to improve consumer confidence during the reopening?