Post Tagged with: "Dallas Federal Reserve"

Source: CNBC

Dallas Fed President Kaplan stresses need for more spending to keep economic recovery going

CNBC


Dallas Federal Reserve President Robert Kaplan in a CNBC interview Tuesday backed more spending across a variety of fronts as the economy tries to shake off the Covid-19 pandemic effects.

President Joe Biden has proposed spending $1.9 trillion to …

February 2, 2021 - 2:30 pm Closing Bell Story‎, Economy, Finance
Source: CNBC

US oil industry expected to cut spending by 10-15% and restructure, Dallas Fed says

CNBC


The Dallas Federal Reserve, which has the Permian basin in its economic region, expects the oil and gas sector to cut capital spending by 10% to 15% in 2020.

Rob Kaplan, president of the Fed district, said in an