Federal Reserve Bank of New York leader John Williams said Tuesday the economy may have already seen the worst of the impact of the coronavirus pandemic, even as significant uncertainty looms. “Encouraging” data that has arrived as some states begin to reopen “indicate that we’ve likely seen the low point of the downturn and that the overall economy has begun to recover,” Mr. Williams said in remarks before a video meeting held by the Institute of International Finance.

Source: Wall Street Journal June 30, 2020 15:11 UTC