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Key Words: Former Fed official says his biggest worry is a ‘major reversal’ in progress toward containing COVID

Key Words: Former Fed official says his biggest worry is a ‘major reversal' in progress toward containing COVID

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Former Atlanta Federal Reserve president Dennis Lockhart, speaking the day after policy makers laid out their interest rate outlook for the next few years, told CNBC Thursday that his biggest concern is that the U.S. ends up losing ground in containing COVID-19. “The direction of the economy is still virus-dependent,” he told the network Thursday, a day after the Federal Reserve policy update.

...read full article on Market Watch

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