Make Kitco Your Homepage

Fed's Bullard: Not reasonable to make second virus wave a baseline outlook for U.S. economy

Kitco News

WASHINGTON (Reuters) - It is unreasonable to expect a second wave of coronavirus infections to push the U.S. recovery off track given the steady progress in tamping down deaths from the pandemic, St. Louis Fed President James Bullard said on Thursday.

Saying he wanted to “push back” on forecasts of a slowing recovery and a resurgent virus, Bullard noted the fatality rates were “unlikely to reach the level of March and April” because of improving treatment and more vigilance among high risk individuals in protecting themselves.

That, he argues, will allow the economic recovery to continue.

Reporting by Howard Schneider; Editing by Chris Reese

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.