Home Fed’s Bostic: US may not return to pre-virus labour market levels before end-2021

Fed’s Bostic: US may not return to pre-virus labour market levels before end-2021

Published date: 19 Oct. 2020 | 20:17

Federal Reserve Bank of Atlanta President and CEO Raphael Bostic has crossed the wires saying that there will be some time before Fed rate hikes or removing support.

Additionally, he said that widespread permanent job losses pose risks to economy and that the US may not return to pre-virus labour market levels before end-2021.

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