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States reopening too quickly hurt economic recovery, Boston Fed chief says

from Advisor's Edge

States reopening too quickly hurt economic recovery, Boston Fed chief says Advisor's Edge A top official at the Federal Reserve criticized the decision by many states to reopen businesses this spring before getting the virus fully under control, and said those choices have hindered an economic recovery in the U.S. Eric Rosengren, president of the Federal Reserve Bank of Boston, said states in the South and West that allowed businesses to reopen after shutting down for a brief period did register an initial burst of economic activity. READ MORE

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