Economic outlook: Fed's Bostic says new virus cases could stop recovery - Business Insider

📆 07/07/2020 05:21 p. m.
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'People are getting nervous again': Fed president says virus resurgence could prematurely freeze economic recovery

FILE PHOTO: President and Chief Executive Officer of the Federal Reserve Bank of Atlanta Raphael W. Bostic speaks at a European Financial Forum event in DublinThe coronavirus' rapid spread throughout several states could dramatically slow the US economic rebound, Raphael Bostic, president of the Federal Reserve Bank of Atlanta, said in a Tuesday web conference.

"People are getting nervous again. Business leaders are getting worried. Consumers are getting worried," Bostic added.

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