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Fed Official Warns Pandemic Response Is Hobbling Economic Rebound

by Bioreports
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Boston Fed President Eric Rosengren said a recent slowdown in U.S. economic activity is likely to persist because of difficulties states have encountered in suppressing the coronavirus pandemic.

“Limited or inconsistent efforts by states to control the virus based on public health guidance are not only placing citizens at unnecessary risk of severe illness and possible death but are also likely to prolong the economic downturn,” Mr. Rosengren said Wednesday in remarks prepared for delivery online to the South Shore Chamber…

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