Fed official says Covid spread threatens to undermine US recovery
Raphael Bostic says businesses and consumers are putting plans on hold amid rising infections in some states
07 July 2020 - 20:00
New York — Federal Reserve Bank of Atlanta president Raphael Bostic said the renewed spread of Covid-19 may be threatening the pace of the US recovery, as businesses and consumers put plans on hold.
“People are getting nervous again,” Bostic said on Tuesday during a virtual discussion hosted by the Tennessee Business Roundtable. “Business leaders are getting worried. Consumers are getting worried. There is a real sense that this might go on longer than we had hoped and we had expected and we had planned for.”..
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