Atlanta Federal Reserve President And CEO Shares His Outlook On Region’s Economic Outlook Amid COVID-19 Pandemic

Last October, the World Bank projected a rise in global poverty — for the first time in more than 20 years — as a result of the COVID-19 pandemic.

The World Bank estimated the pandemic would push an additional 88 million to 115 million people “into extreme poverty” in 2020.

In the United States, in response to the coronavirus, the Federal Reserve created the Paycheck Protection Program, and leaders promised not to raise interest rates until the economy reached “full employment and consistently maintained 2% inflation.”