"Failure to take quick actions to suppress the virus could result in more severe economic outcomes as well as the unnecessary loss of life," said the Fed official.
Rosengren stressed that the trajectory of the economic recovery will be determined more by the path of the virus than by the path of policymaking, and the recent slowdown in economic activity is likely to continue due to resurgences of the virus.
"As long as the virus poses significant threats to public health, a full economic recovery will be very difficult as individuals, often voluntarily, avoid activities that place their health at risk," he said.
The number of COVID-19 cases in the United States topped 5.16 million as of Wednesday afternoon with more than 165,000 deaths, according to a tally by Johns Hopkins University.
【国际英语资讯:Inconsistent efforts by U.S. states to contain pandemic will likely prolong recession: Fed o】相关文章:
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