Reopening the U.S. economy should be handled cautiously to avoid a second lockdown, said Cleveland Fed President Loretta Mester on Friday.
“There’s a possibility of opening up in the second half of the year, but it has to be done in a very, very careful way to avoid having to go backwards because that would be a devastating outcome,” Mester said, in an interview on the Wharton Business Daily radio program.
In a separate interview, top White House economist Larry Kudlow said government health experts were doing contingency planning for a possible second wave.
