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As COVID-19 economy flounders, Fed needs digital dollars to support recovery

Peter Morici: As COVID-19 economy flounders, Fed needs digital dollars to support recovery

COVID-19 has left the U.S. and global economies in tough shape. After a steep decline in economic activity that began in February, the economy added 2.5 million jobs in May. Lost in all the celebration were 295 thousand more workers – and over 1 million over the last three months – who were classified as permanently unemployed.








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