(Reuters) – The economy is now affected more by swings in coronavirus infections than it is by restrictions on certain activities, and a surge in infections could slow growth, New York Federal Reserve Bank President John Williams said on Wednesday.
“If COVID spreads rapidly that’s going to hurt the economy,” Williams said during a virtual event organized by the Society for Advancing Business Editing and Writing.
Reporting by Jonnelle Marte; Editing by Chris Reese
source: reuters.com