Fed's Rosengren says U.S. unemployment rate could remain at double-digit levels by end of year

(Reuters) - Businesses will face weak demand as long as consumers and workers are worried about public health, and the unemployment rate is likely to stay in the double digits at the end of the year, Boston Federal Reserve Bank President Eric Rosengren said Tuesday.

The unemployment rate could peak at close to 20% as more Americans lose jobs in the shutdowns put in place across the country to limit the spread of the coronavirus, and the losses could linger, Rosengren said in remarks prepared for a webinar hosted by...