Press "Enter" to skip to content

Fed’s Bostic Says Millions Of Americans Could Be Rehired By Summer

WASHINGTON, March 30 (Reuters) – Millions of Americans could be rehired next summer if current trends continue and progress against the pandemic continues, Atlanta Federal Reserve Chairman Raphael Bostic said on Tuesday.

“We could see an explosion of activity … in the summer that could lead to an even stronger recovery,” Bostic said in comments to the Atlanta World Affiars Council. “One million jobs a month could become the standard over the summer.”

(Reporting by Howard Schneider. Edited in Spanish by Rodrigo Charme)

Read more

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *