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Fed's Bostic warns of 'pain' with summer end to government aid

“All the relief efforts that have been put forward actually have worked, and … played an important role in helping mitigate the pain and distress of families,” Bostic told a virtual meeting of the U.S. Conference of Mayors, referring to eviction moratoriums and extra unemployment benefits slated to expire on July 31, among other aid.

“We have to think that there may be some real pain that might be on the horizon,” he said, adding that cities should try to reserve funds to help renters and homeowners who could lose their housing.


Source: Economy - investing.com

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