The Fed and Congress will need to provide more stimulus to defend from a 'very severe' economic slowdown, Dallas central bank chief says

· Fresh monetary and fiscal aid is needed if the economy is to survive a "historic contraction," Robert Kaplan, president of the Federal Reserve Bank of Dallas, told Fox Business on Friday.
· Kaplan sees US GDP sliding as much as 30% in the second quarter alongside unemployment soaring to 20%.
· While the Fed's rapidly...