According to their modeling, a national mask mandate would be as effective as a full lockdown and without the 5% hit to economic growth associated with full activity restrictions. The move by Walmart is perhaps the broadest micro-level experiment yet in pushing behavior in that direction, one which economists at Goldman Sachs say is associated with “significantly better” coronavirus outcomes. Slideshow ( 4 images ) THE WALMART EFFECT Regional reserve bank presidents keep a steady pace of appearances before local service clubs like the Rotary, Chamber of Commerce and other organizations. “As we’ve seen in stores located in areas under a government mandate, customers are showing up with a face covering or putting one on when asked.”įederal Reserve officials have used their particular perch to try to spread the word. “Generally what we are seeing is customers complying with the face covering requirement,” a company spokeswoman said. locations in areas with no state or local mask mandate. And on Monday Walmart Inc WMT.N - the country's largest retailer and private employer - began requiring masks for shoppers in all of its stores, including the roughly one-third of its 5,000 U.S. In the absence of any uniform national policy from the Trump administration regarding the use of face coverings in public to prevent the spread of COVID-19, Fed officials have made mask wearing a centerpiece of their public appearances. (Open tmsnrt.rs/2WTOZDR in an external browser for a Reuters interactive) economic players in both the public and private spheres as early signs of a fast recovery have begun to fade amid a resurgence of the disease in most states and rising deaths. It is a message now rolling out with greater repetition and urgency from the most influential U.S. A worker and a shopper are seen wearing masks at a Walmart store, in North Brunswick, New Jersey, U.S.
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