1 minute ago by Reuters1 minute ago by Reuters1 minute ago by Reuters1 ReadFILE PHOTO: Raphael W. Bostic, President and Chief Executive Officer of the Federal Reserve Bank of Atlanta, talks during a European Financial Forum event on February 13, 2019 in Dublin, Ireland. CLODAG KILCOYNE/REUTERS (Reuters) – WASHINGTON (Reuters) – Consumers may “draw back” as a result of a recent spike in coronavirus infections caused by the more virulent Delta variety, according to Atlanta Federal Reserve President Raphael Bostic, who added that patterns in some parts of the country were “troubling.” “If we see an increase in infections, it’s likely that people will withdraw from the economy, and our recovery would be much weaker,” Bostic said during a virtual event presented by the National Association of Black Journalists’ Business Journalism Task Force. Howard Schneider contributed reporting, and Chris Reese edited the piece./n
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