Fed’s Barkin warns US economy faces ‘sinkhole’ as recovery slows
Thomas Barkin warns that Covid-19 flare-ups around the country are hitting the rebound
11 August 2020 - 22:22
Washington — The US economy has lost momentum in recent weeks because of a resurgence of the coronavirus and that may call for more sustained fiscal support to cushion the blow, a senior US central banker said.
“We thought the economy faced a pothole and stimulus put a plate over it so we could navigate,” Federal Reserve Bank of Richmond president Thomas Barkin told a webinar hosted by the Center for Regional Economic Competitiveness on Tuesday...
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