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NY Fed's Williams says rapid increase in virus infections could hurt economy

Kitco News

(Reuters) - The economy is now affected more by swings in coronavirus infections than it is by restrictions on certain activities, and a surge in infections could slow growth, New York Federal Reserve Bank President John Williams said on Wednesday.

“If COVID spreads rapidly that’s going to hurt the economy,” Williams said during a virtual event organized by the Society for Advancing Business Editing and Writing.

Reporting by Jonnelle Marte; Editing by Chris Reese

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