Fed's Bostic says coronavirus will likely be 'short-time hit' to economy

Business contacts in the Atlanta Fed region expect only a temporary disruption from the COVID-19 outbreak, Atlanta Fed President Raphael Bostic said Friday....

Business contacts in the Atlanta Fed region expect only a temporary disruption from the COVID-19 outbreak, Atlanta Fed President Raphael Bostic said Friday. "I think this is going to be like a short-time hit," Bostic said in an interview on CNBC. While that is the baseline expectation, new information on the deadly virus is coming in every day, he noted. Bostic said he expected strong growth and low inflation ahead for the U.S. economy.

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