Federal Reserve officials raised fresh doubts on Wednesday about the durability of the U.S. recovery, while new business surveys highlighted developing risks from the relentless coronavirus pandemic.
In separate appearances, Atlanta Fed President Raphael Bostic and Richmond Fed President Thomas Barkin noted what Barkin characterized as"air pockets" facing the U.S. economy - businesses exhausting existing order books without refilling them, and households facing the end of unemployment benefits and other support.
Bostic told the Rotary Club of Columbus, Georgia, he was concerned not so much that states in his southern region had tried to reopen too fast, but without due care about how to manage the riskiest activities.
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