Fed’s Williams: Recovery is Slowing Without Stimulus

The President of the Federal Reserve Bank of New York, John Williams, said on Wednesday that the US economy was showing a better than expected recovery pace until recently, Reuters reported.

However, growth has slowed due to the absence of economic stimulus.

“We are still in a very deep recession.”

“One of the big question marks, as we move forward about the economic recovery, is how big the effects will be of this very large wave of COVID cases along with the expiration or diminishment of fiscal support.”