Rosengren says quick reopening of economy undermines recovery
Let that sink in for a moment, anons.
Boston Fed president says rising COVID-19 cases in states that reopened early will result in less job growth.
Pres of the financial backwater known as the Boston Fed "advises against opening the economy too early" cuz muh woofloo. Moonlights as a Virologist, apparently.
“The economic toll of the virus is closely tied to how successfully we can get the public health pandemic under control,” Rosengren said in remarks prepared for a virtual meeting of the Greater Providence Chamber of Commerce.
Noting that containment measures so far “have not been particularly successful,” he cautioned against reopening the economy too quickly.
Anon also noats the odd path this bit of propaganda has taken on its way into the "mainstream."
Proof: https://www.bostonglobe.com/2020/06/19/business/rosengren-says-quick-reopening-economy-undermines-recovery/