Atlanta Fed’s Bostic: U.S. recovery hinging on vaccine, virus control

By Chibuike Oguh and Joshua Franklin Posted on January 11, 2021

FILE PHOTO: Federal Reserve Bank of Atlanta President Raphael Bostic participates in a panel discussion in Atlanta

WASHINGTON (Reuters) – The U.S. recovery will not get up to full steam until vaccines are distributed widely enough to end the pandemic, Atlanta Federal Reserve President Raphael Bostic said on Monday.

“At heart it is a public health crisis first. All the economic fallout has been a function of how we responded to the public health crisis,” Bostic said. “Until that gets settled the economy is going to play out in a slower way.”

(Reporting by Howard Schneider; Editing by Chris Reese)