Fed's Kaplan says mask-wearing is key to economic growth

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Fed's Kaplan says mask-wearing is key to economic growth
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The key to ensuring a faster U.S. economic recovery is wearing masks to slow the spread of the coronavirus, Dallas Federal Reserve Bank President Robert Kaplan said on Friday,

“How the virus proceeds, and what the incidence is, is going to be directly related to how fast we grow,” Kaplan told Fox Business Network in an interview. “While monetary and fiscal policy have a key role to play, the primary economic policy from here is broad mask wearing and good execution of these health care protocols; if we do that well, we’ll grow faster.”

Goldman Sachs Group Inc economists have argued that a national mask mandate would boost the chances of a faster recovery. Governors in some states have imposed local mandates, though in some hotspots like Florida mask-wearing is voluntary.

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