Fed’s Barkin Warns Economy Faces ‘Sinkhole’ Requiring More Aid

Bloomberg, Aug. 11, 2020–Steve Matthews
The U.S. economy has lost momentum in recent weeks because of a resurgence of the coronavirus and that may call for more sustained fiscal support to cushion the blow, said Federal Reserve Bank of Richmond President Thomas Barkin during a webinar hosted by the Center for Regional Economic Competitiveness Tuesday.