Economics
Fed’s Bostic Says Virus Spread Threatens to Undermine Confidence
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Federal Reserve Bank of Atlanta President Raphael Bostic said the renewed spread of Covid-19 may be threatening the pace of the U.S. recovery, as businesses and consumers put plans on hold.
“People are getting nervous again,” Bostic said 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.”