US GDP could return to pre-pandemic levels for the fourth quarter of this yearAtlanta Fed Chairman Raphael Bostic said in an interview with the Washington Post Monday night.
Additional comments:
Is concerned about people leaving the workforce, including women and people in service industries.
Help is needed to try to minimize the impact of Covid.
We should definitely look to minimize the impact as much as we can.
It is important not to give up the banners of success too soon. There is still a lot of uncertainty.
As long as there is stress, there must be help to accompany it.
GDP has recovered faster than employment.
Employment is recovering at a much slower rate.
Companies are shown reluctant to hire people due to uncertainty.
It will take a while for employment to return to the pre-pandemic level.
The PPP (payroll protection program) has been very successful for small businesses
The evidence suggests that the Fed shouldn’t worry too much about inflation.
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