Fed’s Rosengren: COVID-19 Cases Could Slow Recovery

President of the Federal Reserve Bank of Boston, Eric Rosengren, said on Wednesday that economic recovery could be slower in case the number of novel coronavirus (COVID-19) cases increased.

“Recent economic data have been encouraging, but I believe the most difficult part of the recovery is still ahead of us.”

“Potential financial impediments and challenges in the labor market make the recovery process more gradual than any of us would prefer.”