Bullard Sees No Downturn in Case of COVID-19 New Wave

A second wave of COVID-19 infections should not harm the recovery of the United States economy, considering that the death toll from the infectious virus is decreasing, President of the Federal Reserve Bank of St. Louis, James Bullard, said on Thursday, Reuters reported.

Meanwhile, President of the Federal Reserve Bank of New York, John Williams, said that “structural inequality stifles growth, but there is no single silver bullet that can solve the problems laid bare by the pandemic.

“There is so much work that needs to be done to make sure that we are fostering an equitable recovery and ensuring that everyone is able to fulfill their economic potential.”