U.S. ECONOMY IS STILL IN A DEEP HOLE SAYS NY FEDERAL RESERVE BANK PRESIDENT JOHN WILLIAMS

Highlights

• Talking about the U.S. economy, Williams said though it is recovering and on a positive trajectory, but is still in a deep hole and a rise in coronavirus infections could slow growth

• Williams said “The very large rise in COVID cases recently clearly puts a question mark on the ability of the economy to weather this period.”

• The dreadful virus not only claimed lives of th....