Two Federal Reserve officials said Thursday they were hopeful that better days are ahead of the economy amid the continuing coronavirus pandemic, even as one warned it will take a long time for the economy to get back to where it was before the crisis started. “It’s just going to take a long time, I think, to get back to where we were in February,” and while that process plays out the economy will need support from both the Federal Reserve and from government support efforts, Cleveland Fed leader Loretta Mester said in a video...
Source: Wall Street Journal June 18, 2020 20:37 UTC