Fed officials differ over economy's risks as coronavirus surges

For St. Louis Fed President James Bullard, the current surge in U.S. coronavirus cases can be controlled and the economy recover if households are just nudged in the right direction, exhorted in a 'this-time-we-mean-it' push to wear masks and take other steps that health officials have urged since March. New York Fed President John Williams says a full recovery will have to wait for a vaccine, with the health crisis putting a "question mark" on the economy until then. Minneapolis Fed President Neel Kashkari on Friday re-upped his support for a temporary lockdown to try to slow the spread and reduce deaths in an overwhelmed healthcare system, predicted a muted recovery if the virus remains uncontrolled.

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