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FED: Federal Reserve official warns US recovery may be 'levelling off' (FT)
- A senior Federal Reserve official has warned that the rebound in the world's
largest economy is in danger of stalling as a result of the recent spike in
coronavirus infections across several large US southern and western states. In
an interview with the Financial Times, Raphael Bostic, the president of the
Federal Reserve Bank of Atlanta, whose district covers some of the regions
hardest hit by the current outbreaks, including Florida, said high-frequency
data had shown a "levelling off" of economic activity both in terms of business
openings and mobility.