Art, travel to suffer despite economic recovery – Fed’s Williams
President and CEO of the Federal Reserve Bank of New York John Williams stated on Friday that some parts of the American economy such as the travel, art or entertainment sector could still suffer in spite of the economic improvement.
The US economy was severely struck by the coronavirus pandemic but, Williams said that joint efforts from government, community leaders and businesses will help the sectors recover.
“I do still think the fundamentals of the sector are very strong. I am an optimist about the longer-term period, I think it’s just going to be a challenging period to get to that,” Williams stated.
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