Fed’s Bullard: Recovery looks to have slowed in July, no smooth track ahead

Aug 3 (Reuters) – The U.S. economic recovery from the coronavirus recession likely slowed in July after surprising to the upside in May and June, and the trajectory from here is unlikely to be smooth, St. Louis Federal Reserve Bank President James Bullard said on Monday.

Bullard, in a presentation during an online event hosted by the St. Louis Fed’s Memphis, Tennessee, branch, said it appears as though the trough in economic activity occurred in April. (Reporting by Jonnelle Marte Writing by Dan Burns Editing by Jonathan Oatis)