Open Demo Account
Home / Market Update / Fed’s Rosengren: COVID-19 Cases Could Slow Recovery

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

M. Ali 23 September, 2020 9:34 pm Market Update

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.”

Tags

Check Also

U.S. Jobless Claims Rise More Than Expected, Testing Labor Market Resilience After Fed Rate Cut

U.S. initial jobless claims climbed more than expected last week, breaking from the prior week’s …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends