Federal Reserve officials suggest recovery of US economy may be stalling


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, Boston Fed President Eric Rosengren 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.

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