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U.S. economy will start to rebound in second half of 2020, Fed's Kaplan says

U.S. economy will start to rebound in second half of 2020, Fed's Kaplan says

The U.S. economy will experience a "significant, historic" contraction in the second quarter before it starts to rebound, and unemployment will remain elevated at the end of 2020, Dallas Federal Reserve President Robert Kaplan said on Monday.