Fed's Bostic: The economy to still be in recovery mode in a year's time
Fed's Bostic speaking on a webinar.Atlanta Fed's Bostic is speaking on fiscal policy for a webinar hosted by Tax Policies on Fiscal Policy for the Covid 19 economy. Bostic speaks often online. He is a nonvoting member and his comments tend to be a touch more negative:
- economy to still be in recovery mode in a years time
- recovery will be uneven across communities, regions
- won't get back to pre-virus levels until mid 2021, 2022
His comments are in line with a Fed which is expected to remain on hold for the next couple years. As a result, the comments are not all that earth shattering.